Problemthe petty cash fund of the brooks agency is, Ask an Expert

Accounting

Problem:

The petty cash fund of the Brooks Agency is established at $150. At the end of the current period, the fund contained $28 and had the following receipts: film rentals, $24, refreshments for meetings, $46 (both expenditures to be classified as Entertainment Expense); postage, $30; and printing, $22.

Required:

Question: Prepare journal entries to record reimbursement of the fund at the end of the current period

Note: Show all workings.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164937

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