Question

Cold Ice Ltd. established a petty cash fund of $450 on October 1, 2015. The petty cash is replenished when the cash on hand is less than $100. On October 17, 2015, the petty cash on hand was $62.73. The following receipts were found in the cash box:
1. Office supply store receipts, $117.14.
2. Receipts from a grocery store for coffee and creamer, $42.58.
3. Gas receipts for company delivery trucks, $208.24.
On October 31, 2015, the petty cash on hand was $96.47. The following receipts were found in the cash box:
1. Gas receipts for company trucks, $165.73.
2. Receipts from a grocery store for coffee, creamer, and sugar, $47.26.
3. Found receipt from October 2 for office supplies, $19.31.
4. Receipt for 70 bags of ice from competitor to fill emergency customer order, $140.54.
Instructions
Journalize the necessary entries.


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  • CreatedSeptember 15, 2015
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