Karen€™s Dance Studio created a $370 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows:

Requirement
1. Make the general journal entries to
a. create the petty cash fund and
b. record its replenishment. Cash in the fund totals $147, so $13 is missing. Includeexplanations.

Transcribed Image Text:

Petty Cash Ticket No. Account Debited Amount Item Delivery of programs Delivery expense $ 25 to customers Mail package Postage expense Supplies expense Miscellancous expense Supplies expense 15 Newsletter 35 Key to closet Computer jump drive 4 55 80