Ten days ago, a company established a $90 petty cash fund. Today, October 5, the petty cash box contains $3 in cash and the following paid petty cash receipts: transportation-in, $14.25; postage, $34.50; and office supplies, $36. Prepare the general journal entry to reimburse the fund and to increase its size to $150.

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The Answer of Ten days ago, a company established a $90 petty cash fund. Today, October 5, the petty cash box contains $3 in cash and the following paid petty cash receipts: transportation-in, $14.25; postage, $34.50; and office supplies, $36. Prepare the general journal entry to reimburse the fund and to increase its size to $150.

Ten Days Ago, a Company Established a $90 Petty Cash