T. L. Jones Trucking Services establishes a petty cash fund
on April 3 for $200. By the end of April, the fund has a cash balance of $97.
The company has also issued a credit card and authorized its office manager to
make purchases. Expenditures for the month include the following items:
Utilities (credit
card) $ 435
Entertainment (petty
cash) 44
Stamps (petty cash) 59
Plumbing repair
services (credit card) 630
Required:
Record the establishment of the petty cash fund on April 3,
all expenditures made during the month, and the replenishment of the petty cash
fund on April 30. The credit card balance is paid in full on April 30.
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