The petty cash fund of Western Glass Company contained the following items on November 30, 2024 Currency and coins $ 29 Receipts for the following expenditures: Delivery charges Office supplies Restaurant receipt for entertaining a customer An 1.0.U. from an employee Total $48 56 116 220 31 $ 280 The petty cash fund was established on November 1, 2024, with a transfer of $280 from cash to the petty cash account Required: Prepare the journal entries to establish the petty cash account and to replenish the fund at the end of November Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

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Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.