The Crown Company established a $1,000 petty cash fund by issuing a cheque to the custodian on October 1. On October 15, the petty cash fund was replenished and increased to $1,500. The contents of the petty cash fund prior to the October 15 replenishment were: Currency and coins $112 Petty cash receipts for: Transportation-in Delivery expense $137 240 Repairs to office equipment 153 Postage 230 Entertainment of customers 130 890 Total $1,002 Prepare the general journal entry to record the reimbursement and increasing of the fund on October 15.

The Crown Company established a $1,000 petty cash fund by issuing a cheque to the custodian on October 1. On October 15, the petty cash fund was replenished and increased to $1,500. The contents of the petty cash fund prior to the October 15 replenishment were: Currency and coins $112 Petty cash receipts for: Transportation-in Delivery expense $137 240 Repairs to office equipment 153 Postage 230 Entertainment of customers 130 890 Total $1,002 Prepare the general journal entry to record the reimbursement and increasing of the fund on October 15.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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