Question: Record the following petty cash transactions of Lexite Laminated Surfaces in general journal form (explanations are not required): Apr. 1 Established a petty cash fund
Apr. 1 Established a petty cash fund with a $200 balance.
30 The petty cash fund has $19 in cash and $187 in petty cash tickets that were issued to pay for office supplies ($117) and entertainment expenses ($70). Replenished the fund with $181 of cash and recorded the expenses.
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