Question: Golden's Spa decided to establish & maintain a petty cash fund of $800 in April. During the month the following happened.
April 1. The fund was established with 800 dollar.
[A] Create the journal entry to establish the petty cash fund.
At the end of April, the fund had $28 in it. The petty cash custodian presented receipts for
Postage, 235 dollar
Shipping, [Freight-out], $133
Meals for after-hour meetings [Various Expense], $316
Coffee Service (Workplace Expense), $78
[B] The custodian requested reimbursement of 772 dollar. Create the journal entry to replenish the fund.