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Swifty Company designated Jill Holland as petty cash custodian and established a petty cash fund...

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Accounting

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Swifty Company designated Jill Holland as petty cash custodian and established a petty cash fund of \$168. The fund is reimbursed when the cash in the fund is at $14, which it is. Petty cash receipts indicate funds were disbursed for office supplies $77 and miscellaneous expense $72. Prepare journal entries for the establishment of the fund and the reimbursement. (ff no entry is required, select "No Entry for the account titles and enter 0 for the amounts. Crealit occount tities are automaticolly indented when the omount is entered. Do not indent monually List alf deblt entries before credit entries)

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