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The petty cash fund of Fonzarellis Auto Repair Service, a sole proprietorship, contains the following....

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Accounting

The petty cash fund of Fonzarellis Auto Repair Service, a sole proprietorship, contains the following.

1. Coins and currency $15.20
2. Postage stamps 2.90
3. An I.O.U. from Richie Cunningham, an employee, for cash advance 40.00
4. Check payable to Fonzarellis Auto Repair from Pottsie Weber, an employee, marked NSF 34.00
5. Vouchers for the following:
Stamps $ 20.00
Two Rose Bowl tickets for Nick Fonzarelli 170.00
Printer cartridge (Use the Office Supplies account) 14.35 204.35
$296.45

The general ledger account Petty Cash has a balance of $300. Prepare the journal entry to record the reimbursement of the petty cash fund. (Round answers to 2 decimal places, e.g. 15.25. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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