The Devlin Company wants you to establish a petty cash fund and replenish it at...
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Accounting
The Devlin Company wants you to establish a petty cash fund and replenish it at the end of the month.
You are provided with the following amounts:
02-Jul $200 petty cash fund is established
31-Jul These vouchers existed
Donations $30
Postage $5
Supplies $ 21
Miscellaneous $ 16
Entertainment $135
There was $13.00 remaining in the fund on July 31
Required:
Record the entry to create the fund, and to replenish, then one to increase the fund by $50.
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