Business, 07.09.2021 20:00 natlovesfood

Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts: December 4 Freight charge for merchandise purchased $ 49 December 7 Delivery charge for shipping to customer $ 73 December 12 Purchase of office supplies $ 38 December 18 Donation to charitable organization $ 57 If, in addition to these receipts, the petty cash fund contains $271.25 of cash, the journal entry to reimburse the fund on December 31 will include:

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Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the...

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