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Business, 31.03.2020 00:13 theangelsanchez

Havermill Co. establishes a $280 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $76 for Office Supplies, $143 for merchandise inventory, and $25 for miscellaneous expenses. The fund has a balance of $36. On October 1, the accountant determines that the fund should be increased by $56. The journal entry to record the establishment of the fund on September 1 is:

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Havermill Co. establishes a $280 petty cash fund on September 1. On September 30, the fund is replen...
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