The Crown Company established a $1,000 petty cash fund by issuing a cheque to the custodian on October 1. On October 15, the petty cash fund was replenished and increased to $1,500. The contents of the petty cash fund prior to the October15 replenishment were: Prepare the general journal entry to record the reimbursement and increasing of the fund on October 15.

Question

The Crown Company established a $1,000 petty cash fund by issuing a cheque to the custodian on October 1. On October 15, the petty cash fund was replenished and increased to $1,500. The contents of the petty cash fund prior to the October15 replenishment were:  Prepare the general journal entry to record the reimbursement and increasing of the fund on October 15.

Quizplus · Accepted Answer

The Answer of The Crown Company established a $1,000 petty cash fund by issuing a cheque to the custodian on October 1. On October 15, the petty cash fund was replenished and increased to $1,500. The contents of the petty cash fund prior to the October15 replenishment were:  Prepare the general journal entry to record the reimbursement and increasing of the fund on October 15.

The Crown Company Established a $1,000 Petty Cash Fund by Issuing