Louise's Dance Studio created a $200 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows:
Petty cash Ticket no. Item Account debited amount
1 Delivery of programs
to customers Delivery expense $15
2 Mail package Postage expense 10
3 Newsletter Supplier expense 30
4 Key to closet Miscellaneous expense 45
5 Computer jump drive Supplies expense 75
Requirement
R1. Make the general journal entries to a. create the petty cash fund and b. record its replenishment. Cash in the fund totals $15, so $10 is missing. Include explanations