Question: 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:
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Currency and coins
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$112
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Petty cash receipts for:
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Transportation-in
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$137
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Delivery expense
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240
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|
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Repairs to office equipment
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153
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Postage
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230
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Entertainment of customers
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130
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890
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Total
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$1,002
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Required: Prepare the general journal entry to record the reimbursement and increasing of the fund on October 15.