Question: Brooklyn Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $200. On September 30, there were

Brooklyn Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $200. On September 30, there were $50 cash and the following petty cash receipts in the petty cash box:

Instructions
(a) Record the journal entry on September 4 to establish the petty cash fund.
(b) Record the journal entry on September 30 to replenish the fund and decrease the balance to $150?

Date Recelpt No For Amount Freight in (assume perpetual inventory system) Delivery charges on outgoing freight Freight in Supplies Delivery charges on outgoing freight Freight in Sept. 5 $25 15 14 16 20 29 10 20 40

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