A Petty Cash Fund Was Established with a $300 Balance $$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

question 66

Essay

A petty cash fund was established with a $300 balance.It currently has cash of $78 and petty cash tickets totaling $222 for travel expense.Please provide the journal entry to record the replenishment of the account.
$$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

---

Definitions:

Qualifications

The credentials, skills, or abilities required for a particular job or activity.

Commission Compensation

A form of payment to employees based on the amount of sales they generate, typically a percentage of the sales value.

Earnings

This term describes the amount of money that a company makes after paying all its costs and expenses.

Recruiting

The process of identifying, attracting, and selecting candidates for employment.