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The petty cash fund of Western Glass Company contained the following items on November 30, 2009:
Currency and coin 23
Reciepts for following expenditures:
Delivery Charges 42
Office supplies 50
Resturant receipt for entertaining a customer 110
An IOU from an employee 25
Total $250
The petty cash fund was established on November 1, 2009, with a transfer of $250 from cash to the petty cash account.
Required:
Prepare the journal entries to establish the petty cash account and to replenish the fund at the end of November.
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