A small company maintains a petty cash fund for minor

Reference no: EM13606535

A small company maintains a petty cash fund for minor expenditures. Thefollowing transactions occurred in June and July.a. The fund was established in the amount of $300.00 on June 1 from the proceedsof check no. 1515.b. On June 30, the petty cash fund had cash of $46.38 and the followingreceipts on hand: postage, $120.00; supplies, $74.82; delivery service,$37.20; and rubber stamp, $21.60. Check no. 1527 was drawn to replenishthe fund.c. On July 31, the petty cash fund had cash of $66.18 and the following receiptson hand: postage, $102.60; supplies, $98.52; and delivery service, $19.20.The petty cash custodian could not account for the shortage. Check no.1621 was written to replenish the fund.

Required: In journal form, prepar.

Reference no: EM13606535

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