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Petty Cash - [Petty Cash rtl'lcftl'lannII Inc decided to...

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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. } ...
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