On March 2, Pugh Company established a petty cash fund of $100. On March 27, the fund

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On March 2, Pugh Company established a petty cash fund of $100. On March 27, the fund was replenished when it had $18 in cash and receipts for supplies $20, postage for $27, and repairs expense $35.

a. Prepare the journal entries to establish the petty cash fund on March 2.

b. Prepare the journal entry to replenish the petty cash fund on March 27.

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Accounting Principles Volume 1

ISBN: 978-1119502425

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: Mar 04, 2020 12:47 PM

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On March 2, Pugh Company established a petty cash fund of $100. On March 27, the fund

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