The petty cash fund of $500 includes the following activity for the month of March.
Cash $294.00
Delivery Expense $89.00
Postage 55.00
Flowers for a special celebration 25.00
Meals 30.00
Requirements:
1. Prepare general journal entries+ to replenish the petty cash fund.
2. On April 1, the controller gives instructions to decrease the petty cash fund by $50. Make the appropriate journal entry.

Question

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The Answer of The petty cash fund of $500 includes the following activity for the month of March.
Cash $294.00
Delivery Expense $89.00
Postage 55.00
Flowers for a special celebration 25.00
Meals 30.00
Requirements:
1. Prepare general journal entries+ to replenish the petty cash fund.
2. On April 1, the controller gives instructions to decrease the petty cash fund by $50. Make the appropriate journal entry.

The Petty Cash Fund of $500 Includes the Following Activity