Table 8-1
the Petty Cash Fund Had the Following Petty

question 24

Essay

Table 8-1
The petty cash fund had the following petty cash ticket: $$\begin{array} { l r } \text { Toner for a printer } & \$ 42 \\\text { Freight to deliver goods sold } & 39 \\\text { Freight on inventory purchased. } & 112 \\\text { Miscellaneous expense } & 10 \\\text { Postage expense } & \underline { 25 } \\& \underline{\$ 228} \\\end{array}$$
-Refer to Table 8-1. Assume that the business has established a petty cash fund in the amount of $250 and that the amount of cash in the fund at the time of replenishment is $20. The business uses a perpetual inventory system.
Prepare the entry to replenish the fund on February 28.

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