Question: L. Jones Trucking Services establishes a petty cash fund on April 3 for $500. By the end of April, the fund has a cash balance of $72 and has receipts for the following items:
Utilities $125
Pizza delivery (entertainment) 34
Stamps 49
Plumbing repair services 220
Required: Record the establishment of the petty cash fund on April 3, the expenditures made during the month, and the replenishment of the fund on April 30.