Quibble Company established a $300 petty cash fund by issuing a check to the petty cashier on February 1. On February 15, the petty cash fund was reimbursed and increased to $800 in total. The contents of the petty cash fund at the time of the February 15 reimbursement were: Prepare Quibble's general journal entry to record both the reimbursement and the increase of the petty fund on February 15.

Question

Quibble Company established a $300 petty cash fund by issuing a check to the petty cashier on February 1. On February 15, the petty cash fund was reimbursed and increased to $800 in total. The contents of the petty cash fund at the time of the February 15 reimbursement were:  Prepare Quibble's general journal entry to record both the reimbursement and the increase of the petty fund on February 15.

Quizplus · Accepted Answer

The Answer of Quibble Company established a $300 petty cash fund by issuing a check to the petty cashier on February 1. On February 15, the petty cash fund was reimbursed and increased to $800 in total. The contents of the petty cash fund at the time of the February 15 reimbursement were:  Prepare Quibble's general journal entry to record both the reimbursement and the increase of the petty fund on February 15.

Quibble Company Established a $300 Petty Cash Fund by Issuing