The petty cash fund of Pronghorns Auto Repair Service, a sole proprietorship, contains the following....
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The petty cash fund of Pronghorns Auto Repair Service, a sole proprietorship, contains the following. 1. Coins and currency $18.40 2. Postage stamps 6.10 3. An I.O.U. from Richie Cunningham, an employee, for cash advance 43.20 4. Check payable to Pronghorns Auto Repair from Pottsie Weber, an employee, marked NSF 37.20 5. Vouchers for the following: Stamps $ 23.20 Two Rose Bowl tickets for Nick Pronghorn 197.00 Printer cartridge (Use the Office Supplies account) 17.55 237.75 $342.65 The general ledger account Petty Cash has a balance of $350. 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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