Q1) Petty cash fund was originally established with check for $150. In the petty cash fund on December 31 (the period-end), you determine the following:
| Petty cash receipts: |
Postage............................................. |
$44.5 |
| |
Office supplies..................................... |
50.85 |
| |
Office equipment repair......................... |
48 |
| |
Cash.................................................. |
4.25 |
Create general journal entry to record replenishment of petty cash fund on December 31. Be sure you put complete account description. If I have to guess what kind of account you put down, it will be marked incorrect.