176.A petty cash fund was originally established with a check for $100. On August 31, which is the period end, the petty cash fund included the following:
Petty cash receipts:
Postage$43.50
Office supplies11.85
Office equipment repair39.00
Cash4.25
Prepare the general journal entry to record the replenishment of the petty cash fund on August 31.
177.Quibble Company established a $300 petty cash fund by issuing a check to the custodian on February 1. On February 15, the petty cash fund was replenished and increased to $800 in total. The contents of the petty cash fund at the time of the February 15 replenishment were:
Currency and coins$12
Petty cash receipts for:
Transportation-in for inventory$39
Delivery expense88
Repairs to office equipment47
Postage64
Entertainment of customers53291
Total$303
Prepare Quibble's general journal entry to record both the reimbursement and the increase of the petty fund on February 15.
178.On March 1, a company established a $75 petty cash fund. On March 12, the petty cash fund contains $3 in cash and the following paid petty cash receipts: transportation-in on merchandise inventory $14.25; postage, $19.50; and office supplies, $36. Give the general journal entry to reimburse the fund and to increase its amount to $150 on March 12.
179.On June 1, a company established a $75 petty cash fund. On June 27, the petty cash fund contains $5.25 in cash and the following paid petty cash receipts: postage, $19.50; office supplies, $36.25; and miscellaneous expense $14.00. Give the general journal entry to reimburse the fund on June 27.
180.A company established a petty cash fund in November of the current year and experienced the following transactions affecting the fund during November:
Nov. 1Established a $200 petty cash fund.
5Paid $55 to acquire office supplies.
8Reimbursed the company controller for $30 spent on beverages for recruits (entertainment expense).
18Paid $45 for postage.
20Paid $25 for C.O.D. charges on merchandise inventory, terms FOB shipping point.
25Paid $40 for janitorial services.
28When sorting the petty cash receipts to replenish the fund, the custodian noted that there was $10 cash remaining.
Prepare the journal entries to establish the fund on November 1 and to reimburse the fund on November 28.