Question - Oriole, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April.
1. On April 1, it established a petty cash fund in the amount of $253.
2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows.
| Delivery charges paid on merchandise purchased |
$74 |
| Supplies purchased and used |
39 |
| Postage expense |
47 |
| I.O.U. from employees |
31 |
| Miscellaneous expense |
50 |
The petty cash fund was replenished on April 10. The balance in the fund was $8.
3. The petty cash fund balance was increased by $114 to $367 on April 20.
Prepare the journal entries to record transactions related to petty cash for the month of April.