Petty Cash
Illustrative Entry
Establish Petty Cash Fund
| 1-31-X4 |
1,000 |
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|
1,000 |
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| To establish a $1,000 petty cash fund |
Replenish Petty Cash Fund
| 2-28-X4 |
390 |
|||
|
155 |
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|
70 |
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|
615 |
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| To replenish petty cash; receipts on hand of $615 -- office supplies ($390), gasoline ($155), coffee and drinks ($70). Remaining cash in the fund was $385, bringing the total to $1,000 ($615 + $385). |