A petty cash fund for $300 was established on May 1.By the end of the month,the petty cash custodian requested reimbursement of $222 for the following expenditures from the fund:

$\begin{array}{llr}
\text {Office supplies } &\$68\
\text {Deliveries } &30\
\text { Fuel } &56\
\text { Postage } &68
\end{array}$

Record the entries to a)establish the petty cash fund; b)replenish the fund as of the end of May; and c)increase the fund balance to $500.

Question

A petty cash fund for $300 was established on May 1.By the end of the month,the petty cash custodian requested reimbursement of $222 for the following expenditures from the fund:
 
$\begin{array}{llr}
  \text {Office supplies  } &\$68\
 \text {Deliveries  } &30\
 \text { Fuel } &56\
 \text { Postage } &68
\end{array}$
 
Record the entries to a)establish the petty cash fund; b)replenish the fund as of the end of May; and c)increase the fund balance to $500.

Quizplus · Accepted Answer

The Answer of A petty cash fund for $300 was established on May 1.By the end of the month,the petty cash custodian requested reimbursement of $222 for the following expenditures from the fund:
 
$\begin{array}{llr}
  \text {Office supplies  } &\$68\
 \text {Deliveries  } &30\
 \text { Fuel } &56\
 \text { Postage } &68
\end{array}$
 
Record the entries to a)establish the petty cash fund; b)replenish the fund as of the end of May; and c)increase the fund balance to $500.

A Petty Cash Fund for $300 Was Established on May Office supplies $68Deliveries 30 Fuel 56 Postage 68\begin{array}{llr} \text {Office supplies } &\$68\\ \text {Deliveries } &30\\ \text { Fuel } &56\\ \text { Postage } &68\end{array}Office supplies Deliveries Fuel Postage ​$68305668​

A Petty Cash Fund for $300 Was Established on May $\begin{array}{llr} \text {Office supplies } &\$68\\ \text {Deliveries } &30\\ \text { Fuel } &56\\ \text { Postage } &68\end{array}$