10:59 PM C 90% Petty Cash Record and Journal Entries On May 1, a petty cash fund was established for $200.00. The following vouchers were issued during May: Date Voucher No. Purpose Amount May 1 1...

Extracted text: 10:59 PM C 90% Petty Cash Record and Journal Entries On May 1, a petty cash fund was established for $200.00. The following vouchers were issued during May: Date Voucher No. Purpose Amount May 1 1 Postage due 3.70 3 Office supplies 11.00 Auto repair (miscellaneous) 41.00 7 4 Drawing (Joy Adams) 21.00 11 Donation (Red Cross) 10.00 15 6 Travel expenses 24.00 22 7 Postage stamps 3.20 26 8 Phone call 4.00 30 9. Donation (Boy Scouts) 21.00 Required: 1. Prepare the journal entry to establish the petty cash fund. Page: DOC. POST. NO. REF. DATE ACCOUNT TITLE DEBIT CREDIT 1 20-- May 1 2. 3 Establish petty cash fund 3 4 4 2. Record the vouchers in the petty cash record. Total each column and determine the balance before replenishing the petty cash fund. Petty Cash Payme Voucher Total Of Day Description Number Amount Sup 1 Received in fund $ 200.00 1 Postage due 1 3 Office supplies 5 Auto repair 3 J. Adams, Drawing 4 11 Donation (Red Cross) Av2.cengagenow.com


Extracted text: k 4 Assignment B Establish petty cash fund 4 2. Record the vouchers in the petty cash record. Total each column and determine the balance before replenishing the petty cash fund. Petty Cash Payments For The Month Of May Distributio Charitable Voucher Total Office Postage Contributions Phor Day 1 Received in fund Description Number Amount Supplies Expense Expense Exper $ 200.00 1 Postage due 3 Office supplies 2 5 Auto repair 3. 7 J. Adams, Drawing 4 11 Donation (Red Cross) 15 Travel expenses 6 22 Postage stamps 26 Phone call 8 30 Donation (Boy Scouts) 9 31 Balance 31 Replenished Fund Total $ 3. Prepare the journal entry to replenish the petty cash fund. Then record the amount in the petty cash record in part 2. Page: DOC. POST. NO. REF. DATE ACCOUNT TITLE DEBIT CREDIT 1 20-- May 31 2 3 4 6 7 8. 8. 9 Replenish petty cash fund 9. 10 10