Question: On December 1st, 2019, M/s Bartoletti & Co., has established petty cash fund with a cheque for $150. On December 31, petty cashier submis

On December 1st, 2019, M/s Bartoletti & Co., has established petty cash fund with a cheque for $150. On December 31, petty ca

On December 1st, 2019, M/s Bartoletti & Co., has established petty cash fund with a cheque for $150. On December 31, petty cashier submis the invoices for following expenses Postage $43.50 Office supplies 51.85 Office equipment 49.00 repair Cash 4.25 from this information, (2 Marks) Prepare a statement showing the amount that should be paid to petty cahsier on Dec 31st, to replenish the funds. (3 Marks) Prepare the general journal entry to record creation, expenses and the replenishment of the petty cash fund.

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