Question: T L Jones Trucking Services establishes a petty cash fund

T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $500. By the end of April, the fund has a cash balance of $32 and has receipts for the following items:
Utilities ............... $135
Pizza delivery (entertainment) ...... 44
Stamps ............... 59
Plumbing repair services ........ 230

Required:
Record the establishment of the petty cash fund on April 3, the expenditures made during the month, and the replenishment of the fund on April 30.




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  • CreatedJuly 15, 2014
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