Problem 3 - PETTY CASH Prepare journal entries for the following petty cash transactions: a)...
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Problem 3 - PETTY CASH Prepare journal entries for the following petty cash transactions: a) A petty cash fund was originally established by issuing a cheque for $150 to the petty cash custodian on December 1, 2019. b) In the petty cash fund on December 31, 2019, you find the following items: Cash on Hand 4.25 Receipts: Postage Office supplies Office equipment repair 43.50 51.85 49.00 Make the entry to replenish the fund. c) The petty cash fund was increased by $50 by issuing a $50 cheque to the petty cash custodian on January 15, 2020
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