Question: Account Name Debit Amount Credit Amount Create a Journal Entry Ferguson Co. established a $200 petty cash fund. At the end of the first month

Account Name	Debit Amount	Credit Amount

Create a Journal Entry

Ferguson Co. established a $200 petty cash fund. At the end of the first month the accumulated receipts represent $48 for shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point; $27 for printing; and $13 for miscellaneous expenses. The fund has a remaining balance of $102 in cash. Prepare the journal entry to record the reimbursement of this petty cash account and enter it in the space below.

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