Unformatted text preview: [Petty Cash) rtl'lcftl'lannII Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following
information is available for the month of April. 1. On April 1II it established a petty cash fund in the amount of $203.
2. A summary of the petty cash expenditures made by the petty cash custodian as oprril 1D is as follows. Delivery charges paid on merchandise purchased $60
Supplies purchased and used 25
Postage expense 33
I.D.U. from employees 1?
Miscellaneous expense 3E The petty cash fund was replenished on April 10. The balance in the fund was $21
3. The petty cash fund balance was increased by $103 to $311 on April 10. Prepare the journal entries to record transactions related to petty cash for the month of April. ['tl'st multiple debttfcredit entries from
largest to smallest amount, e.g. 10, 5, 2. } ...
View Full Document
- Fall '08