A company establishes a $300 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: 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 $300 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:  Record the establishment of the petty cash fund on August 3,the expenditures of the fund,and replenishment on August 31.

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The Answer of A company establishes a $300 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:  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 $300 Petty Cash Fund on August