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(5). On November 1, 2009, Jones Company established a $400 petty cash fund. At the end of November, the petty cash fund
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(5). On November 1, 2009, Jones
Company established a $400 petty cash fund. At the end of November, the petty cash fund contained the following petty cash tickets. $73.50 Postage Office supplies 87.55 90.95 Miscellaneous items a. Prepare the journal entry to establish the petty cash fund on November 1. b. Prepare the journal entry to replenish the fund on November 30. c. Prepare the journal entry to increase the fund to $600 on December 1.