(Petty Cash) The petty cash fund of Teasdale’s Auto Repair Service, a sole proprietorship, contains the following.
|
1 |
Coins and currency |
$10.20 |
|
|
2 |
Postage stamps |
7.9 |
|
|
3 |
An I.O.U. from Richie Cunningham, an employee, for cash advance |
40 |
|
|
4 |
Check payable to Teasdale’s Auto Repair from Pottsie Weber, an employee, marked NSF |
34 |
|
|
5 |
Vouchers for the following: |
||
|
Stamps |
$20.00 |
||
|
Two Rose Bowl tickets for Nick Teasdale |
170 |
||
|
Printer cartridge |
14.35 |
204.35 |
|
|
$296.45 |
The general ledger account Petty Cash has a balance of $300.
Instructions
Prepare the journal entry to record the reimbursement of the petty cash fund.