Problem - R Tyron Consulting Company established a $300 petty cash fund by issuing a check to the custofian of the account on February 1. On February 15, the petty cash fund was replenished and increased to $800 in total.
The contents of the petty cash fund at the time of the February 15 replenishment were:
|
Currency and coins
|
|
$12
|
|
Petty cash recepts for:
|
|
|
|
Transportation-in for inventory
|
$39
|
|
|
Delivery Expense
|
88
|
|
|
Repairs to office equipment
|
47
|
|
|
Postage
|
64
|
|
|
Entertainment of customers
|
53
|
291
|
|
Total
|
|
$303
|
Prepare Quibble's general journal entry to record both the reimbursement and the increase of the petty cash fund on February 15.