The Petty Cash Fund of $500 Includes the Following Activity

question 110

Essay

The petty cash fund of $500 includes the following activity for the month of March.
Cash $294.00
Delivery Expense $89.00
Postage 55.00
Flowers for a special celebration 25.00
Meals 30.00
Requirements:
1. Prepare general journal entries+ to replenish the petty cash fund.
2. On April 1, the controller gives instructions to decrease the petty cash fund by $50. Make the appropriate journal entry.

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Definitions:

Expanding

Increasing in size, volume, quantity, or scope; extending or spreading out from a center or in all directions.

Labeling

The act of identifying or characterizing someone or something with a descriptor or name, often related to social stigma or categories.

Williams Syndrome

A rare genetic condition characterized by mild to moderate intellectual disability or learning difficulties, unique personality characteristics, distinctive facial features, and heart and blood vessel (cardiovascular) problems.

Symptoms

Observable signs or manifestations of a disease, disorder, or condition that are often reported by the patient and can be used for diagnosis.