Record reimbursement of the fund


Problem:

The petty cash fund of the Brooks Agency is established at $150. At the end of the current period, the fund contained $28 and had the following receipts: film rentals, $24, refreshments for meetings, $46 (both expenditures to be classified as Entertainment Expense); postage, $30; and printing, $22.

Required:

Question: Prepare journal entries to record reimbursement of the fund at the end of the current period

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Accounting Basics: Record reimbursement of the fund
Reference No:- TGS0882954

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