Question

In the General Journal, prepare the JE to record the followingtransactions:

Nov 1 Establised a petty cash fund of $400

Nov 30 Replenished the fund based on the remaining cash balanceand the following summary of petty cash receipts:

on Nov 30 the amount of cash in the fund was &128.34

Receipt Summary Office Supplies Ex 80.25   Inventory(freight In) 115.33   Misc Ex 78.05

Dec1 Dedided that the petty cash fund should be a total of300.00(instead of 400.00)

Dec 31 Replenished the fund based on the remaining cash balanceand the following summary of petty cash receipts:

Dec 31 the amount the cash in the fund was 135.45

Receipt Summary: Postage Ex 15.55   Shipping Ex 25.80Misc Ex 120.95