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157 on february 3rd mega sales decides to establish a 200 00 petty cash account to r 4296951


157. On February 3rd Mega Sales decides to establish a $200.00 Petty Cash Account to relieve the burden on Accounting.


Journalize this event.


On February 11th the petty cash fund has receipts for mail and postage of $84.75, contributions and donations of $45.25, meals and entertainment of $35.50 and $25.75 in cash. Journalize the replenishment of the fund.


On February 12th Mega Sales decides to increase petty cash to $300.00. Journalize this event.



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