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    kuchick32 Posts: 1, Reputation: 1
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    Mar 7, 2011, 07:38 PM
    Petty Cash Questions
    Record the following transactions in general journal format

    1. Start a petty cash fund in the amount of $740

    2. An executive collects $34 from the petty cash administrator as a reimbursement for a client's taxi. The executive gives the administrator a receipt for the full amount

    3. The petty cash fund is replenished

    4. An entry for today's cash receipts needs to be recorded in the journal. The cash register tape indicates receipts of $1,860. But the actual cash in the drawer is only $1,520

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