Quibble Company established a $300 petty cash fund by issuing a check to the custodian on February 1. On February 15, the petty cash fund was replenished and increased to $800 in total. The contents of the petty cash fund at the time of the February 15 replenishment were:Currency and coins?$12Petty cash receipts for:?? Transportation-in for inventory$39? Delivery expense88? Repairs to office equipment47? Postage64? Entertainment of customers53291Total?$303The company uses the perpetual inventory method. Prepare Quibble's general journal entry to record both the reimbursement and the increase of the petty fund on February 15.
What will be an ideal response?
| Feb. 15 | Merchandise Inventory | 39 | ? |
| ? | Delivery Expense | 88 | ? |
| ? | Repairs Expense | 47 | ? |
| ? | Postage Expense | 64 | ? |
| ? | Entertainment Expense | 53 | ? |
| ? | Petty Cash | 500 | ? |
| ? | Cash Over and Short | ? | 3 |
| ? | Cash | ? | 788 |
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