Ursula company maintains a petty cash fund for small

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Ursula Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period.

July 1

Established petty cash fund by writing a check on Scranton Bank for $205.00.

Replenished the petty cash fund by writing a check for $201.20. On this date the fund consisted of $3.80 in cash and the following petty cash receipts: freight-out $92.10, postage expense $40.80, entertainment expense $48.80, and miscellaneous expense $18.23.

Replenished the petty cash fund by writing a check for $197.00. At this date, the fund consisted of $8.00 in cash and the following petty cash receipts: freight-out $80.30, charitable contributions expense $45.10, postage expense $34.30, and miscellaneous expense $37.30.

Aug. 15

Replenished the petty cash fund by writing a check for $191.10. On this date, the fund consisted of $13.90 in cash and the following petty cash receipts: freight-out $77.00, entertainment expense $41.10, postage expense $34.20, and miscellaneous expense $40.20.

Increased the amount of the petty cash fund to $305.00 by writing a check for $100.00.

Replenished petty cash fund by writing a check for $287.10. On this date, the fund consisted of $17.90 in cash and the following petty cash receipts: postage expense $138.20, travel expense $96.10, and freight-out $51.40.

Post to the Petty Cash account.

Petty Cash
Date	Explanation	Ref	Debit	Credit	Balance
		CP
		CP

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Reference no: EM13570551

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