Maritime Distributors created a $500 imprest petty cash fund. During the first month of use, the fund custodian authorized and signed petty cash tickets as shown below.

Required
Make general journal entries to
(a) Create the petty cash fund
(b) Record its replenishment. Cash in the fund totals $197.58. Include explanations.

Transcribed Image Text:

Account Debited Delivery Expense Postage Expense Supplies Expense Miscellaneous Expense Supplies Expense Ticket No. Amount Item Delivery of flyers to customers Stamp purchase $128.80 85.98 60.40 Newsletter Key to closet 9,52 5 14.72 Staples LO