A company establishes a $400 petty cash fund on August 3 to pay for minor cash expenditures.The fund is replenished at the end of each month.At the end of August,the fund contains $40 in cash and the following receipts:
$$\begin{array} { l r }
\text { Delivery fees } & \$ 100 \
\text { Plumbing maintenance } & 70 \
\text { Postage } & 40 \
\text { Flowers for the office } & 50
\end{array}$$
Record the establishment of the petty cash fund on August 3,the expenditures of the fund,and replenishment on August 31.

Question

A company establishes a $400 petty cash fund on August 3 to pay for minor cash expenditures.The fund is replenished at the end of each month.At the end of August,the fund contains $40 in cash and the following receipts:
$$\begin{array} { l r } 
\text { Delivery fees } & \$ 100 \
\text { Plumbing maintenance } & 70 \
\text { Postage } & 40 \
\text { Flowers for the office } & 50
\end{array}$$
Record the establishment of the petty cash fund on August 3,the expenditures of the fund,and replenishment on August 31.

Quizplus · Accepted Answer

The Answer of A company establishes a $400 petty cash fund on August 3 to pay for minor cash expenditures.The fund is replenished at the end of each month.At the end of August,the fund contains $40 in cash and the following receipts:
$$\begin{array} { l r } 
\text { Delivery fees } & \$ 100 \
\text { Plumbing maintenance } & 70 \
\text { Postage } & 40 \
\text { Flowers for the office } & 50
\end{array}$$
Record the establishment of the petty cash fund on August 3,the expenditures of the fund,and replenishment on August 31.

A Company Establishes a $400 Petty Cash Fund on August