Chapter 8, Problem E8.17E

To determine

Petty cash as the name suggests are small amounts of money given to petty cash custodian, so that he/she can use it for petty expenses of the business.

Requirement 1

To indicate: The journal entry required to create the petty cash fund.

To determine

Requirement 2:

To Inbdicate: The journal entry required to record the replenishment of petty cash fund.

To determine

Requirement 3:

The entry to record the allotted fund in the petty cash.