On April 1, a company established a $150 petty cash fund. On April 15, the petty cash fund contains $5 in cash and the following paid petty cash receipts: Petty Cash Receipts Amount Advertising Expense $29.00 Gasoline Expense38.00 Miscellaneous Expense 50.00 Office Supplies 25.00 Prepare the general journal entries to (1) establish the petty cash fund, to (2) reimburse the fund, and to (3) increase its amount to $200 on April 15.

1. General journal entries to establish the petty cash fund

   Date  Account titles               Debit     Credit

 April 1  Petty cash                       $150

                  Cash                                           $150

2. General journal entries to reimburse the fund

   Date   Account titles                Debit     Credit

April 15 Advertising Expense      $29.00

             Gasoline Expense           $38.00

             Miscellaneous Expense  $50.00

             Office Supplies                $25.00

             Cash over and short        $3

                    Cash ($150-$5)                          $145

3. General journal entries to increase its amount to $200 on April 15.

   Date  Account title    s               Debit     Credit

April 15  Petty cash ($200-$150)    $50

                  Cash                                              $50

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