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On May 1,a Petty Cash Fund Was Established for $200

Question 92

Essay

On May 1,a petty cash fund was established for $200.The following vouchers were issued during May.
Required:
 Date‾ Voucher ‾ Purpose ‾ Amount ‾ May 11 Office supplies $3.0032 Birthday gift for office worker (misc.) 15.0053 Mileage reimbursement 5.0074 Postage due 2.0085 Office supplies 4.00116 Donation-Goodwill (contribution exp.) 10.00157 Telephone call (telephone exp.) 5.00218 Mileage reimbursement 11.00239 Withdrawal by owner (Carla Sanchez) 20.002510 Postage due 3.502611 Office supplies 17.002812 Copier repair (misc.) 18.50\begin{array}{rcllc} \underline{\text { Date}}& \underline{\text { Voucher }}& \underline{\text { Purpose }} & \underline{\text { Amount }}\\\text { May } \quad 1 & 1 & \text { Office supplies } & \$ 3.00 \\3 & 2 & \text { Birthday gift for office worker (misc.) } & 15.00 \\5 & 3 & \text { Mileage reimbursement } & 5.00 \\7 & 4 & \text { Postage due } & 2.00\\8 & 5 & \text { Office supplies } & 4.00 \\11 & 6 & \text { Donation-Goodwill (contribution exp.) } & 10.00 \\15 & 7 & \text { Telephone call (telephone exp.) } & 5.00 \\21 & 8 & \text { Mileage reimbursement } & 11.00 \\23 & 9 & \text { Withdrawal by owner (Carla Sanchez) } & 20.00 \\25 & 10 & \text { Postage due } & 3.50 \\26 & 11 & \text { Office supplies } & 17.00 \\28 & 12 & \text { Copier repair (misc.) } & 18.50\end{array}
1.Prepare the journal entry to establish the petty cash fund on May 1.
2.Record the vouchers in the petty cash record.Total and rule the petty cash record.
3.Prepare the journal entry to replenish the petty cash fund.Make the appropriate entry in the petty cash record.
On May 1,a petty cash fund was established for $200.The following vouchers were issued during May. Required: \begin{array}{rcllc} \underline{\text { Date}}& \underline{\text { Voucher }}& \underline{\text { Purpose }} & \underline{\text { Amount }}\\ \text { May } \quad 1 & 1 & \text { Office supplies } & \$ 3.00 \\ 3 & 2 & \text { Birthday gift for office worker (misc.) } & 15.00 \\ 5 & 3 & \text { Mileage reimbursement } & 5.00 \\ 7 & 4 & \text { Postage due } & 2.00\\ 8 & 5 & \text { Office supplies } & 4.00 \\ 11 & 6 & \text { Donation-Goodwill (contribution exp.) } & 10.00 \\ 15 & 7 & \text { Telephone call (telephone exp.) } & 5.00 \\ 21 & 8 & \text { Mileage reimbursement } & 11.00 \\ 23 & 9 & \text { Withdrawal by owner (Carla Sanchez) } & 20.00 \\ 25 & 10 & \text { Postage due } & 3.50 \\ 26 & 11 & \text { Office supplies } & 17.00 \\ 28 & 12 & \text { Copier repair (misc.) } & 18.50 \end{array} 1.Prepare the journal entry to establish the petty cash fund on May 1. 2.Record the vouchers in the petty cash record.Total and rule the petty cash record. 3.Prepare the journal entry to replenish the petty cash fund.Make the appropriate entry in the petty cash record. \text { PETTY CASH PAYMENTS FOR THE MONTH OF May, 20-- } \quad \text { Page } 1 > \begin{array}{|c|c|c|c|} \hline \text { Day } & \text { Description } \quad\quad\quad\quad\quad\quad& \text { Voucher No. } & \text { Total Amount } \\ \hline & \text { Received in fund... } & & \\ \hline\\ \hline\\ \hline\\ \hline\\ \hline\\ \hline\\ \hline\\ \hline\\ \hline\\ \hline \end{array}  PETTY CASH PAYMENTS FOR THE MONTH OF May, 20–  Page 1>\text { PETTY CASH PAYMENTS FOR THE MONTH OF May, 20-- } \quad \text { Page } 1 >
 Day  Description  Voucher No.  Total Amount  Received in fund... \begin{array}{|c|c|c|c|}\hline \text { Day } & \text { Description } \quad\quad\quad\quad\quad\quad& \text { Voucher No. } & \text { Total Amount } \\\hline & \text { Received in fund... } & & \\\hline\\\hline\\\hline\\\hline\\\hline\\\hline\\\hline\\\hline\\\hline\\\hline\end{array} On May 1,a petty cash fund was established for $200.The following vouchers were issued during May. Required: \begin{array}{rcllc} \underline{\text { Date}}& \underline{\text { Voucher }}& \underline{\text { Purpose }} & \underline{\text { Amount }}\\ \text { May } \quad 1 & 1 & \text { Office supplies } & \$ 3.00 \\ 3 & 2 & \text { Birthday gift for office worker (misc.) } & 15.00 \\ 5 & 3 & \text { Mileage reimbursement } & 5.00 \\ 7 & 4 & \text { Postage due } & 2.00\\ 8 & 5 & \text { Office supplies } & 4.00 \\ 11 & 6 & \text { Donation-Goodwill (contribution exp.) } & 10.00 \\ 15 & 7 & \text { Telephone call (telephone exp.) } & 5.00 \\ 21 & 8 & \text { Mileage reimbursement } & 11.00 \\ 23 & 9 & \text { Withdrawal by owner (Carla Sanchez) } & 20.00 \\ 25 & 10 & \text { Postage due } & 3.50 \\ 26 & 11 & \text { Office supplies } & 17.00 \\ 28 & 12 & \text { Copier repair (misc.) } & 18.50 \end{array} 1.Prepare the journal entry to establish the petty cash fund on May 1. 2.Record the vouchers in the petty cash record.Total and rule the petty cash record. 3.Prepare the journal entry to replenish the petty cash fund.Make the appropriate entry in the petty cash record. \text { PETTY CASH PAYMENTS FOR THE MONTH OF May, 20-- } \quad \text { Page } 1 > \begin{array}{|c|c|c|c|} \hline \text { Day } & \text { Description } \quad\quad\quad\quad\quad\quad& \text { Voucher No. } & \text { Total Amount } \\ \hline & \text { Received in fund... } & & \\ \hline\\ \hline\\ \hline\\ \hline\\ \hline\\ \hline\\ \hline\\ \hline\\ \hline\\ \hline \end{array}

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