Whispering, Inc decided to establish a petty cash fund to help ensure internal control over...
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Whispering, Inc decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1 On April 1, it established a petty cash fund in the arnount of $255. 2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10, when the balance in petty cash was $7, is as follows. The companyuses a periodic inventory system 3. The petty cash fund balance was increased $113 to $368 on April 20 Prepare the journal entries to record transactions related to petty cash for the month of Aprit. off no entry is mequired, select "No Entry" for the occount tieies and enter 0 for the amounts. Credit account tieles are automatically indented when the amount is entered. Do not indent manually. Ust all debit entries before credit entries. Record joumal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
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