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Chart of Accounts: Cash Petty Cash Fund 111 Petty Cash Fund Accounts Payable Sue Bird, Capital Sue Bird, Drawing Ashley Robinson, Capital Ashley Robinson, Drawing Income from Services 112 Exercise 1 221 311 312 313 314 On May 1 of this year, Start With Urself Clinic established a Petty Cash Fund. The following petty cash transactions took place during the month: 411 Office Supplies Expense Delivery Expense Miscellaneous Expense 511 512 513 Directions: 1. Record the disbursements of petty cash in the petty cash payments record, starting with page 6. Cashed check no. 8784 for $150.00 to establish petty cash fund and put the $150.00 in a locked drawer in the office. 20XX May 2 Bought postage stamps $13.60, voucher #5 (Miscellaneous Expense) 4 Issued voucher for taxi fare $25.50, voucher #6 7 Issued voucher 7 for delivery of props to WNBA Delivery Service, $13.50. S. Bird withdrew $30.00 for personal use, voucher #8. 11 Bought balloons for show $15.75, voucher #9 (Office Supplies) 14 Bought construction paper for company $6.80, voucher #10 17 Bought markers for company $5.45, voucher #11 21 Ashley Robinson withdrew for personal use $25.00, voucher #12 29 Issued voucher for taxi fare $13.41, voucher #13 31 Issued for cash check no. 8794 for $149.01 to reimburse Petty Cash Fund.

Chart of Accounts: Cash Petty Cash Fund 111 Petty Cash Fund Accounts Payable Sue Bird, Capital Sue Bird, Drawing Ashley Robinson, Capital Ashley Robinson, Drawing Income from Services 112 Exercise 1 221 311 312 313 314 On May 1 of this year, Start With Urself Clinic established a Petty Cash Fund. The following petty cash transactions took place during the month: 411 Office Supplies Expense Delivery Expense Miscellaneous Expense 511 512 513 Directions: 1. Record the disbursements of petty cash in the petty cash payments record, starting with page 6. Cashed check no. 8784 for $150.00 to establish petty cash fund and put the $150.00 in a locked drawer in the office. 20XX May 2 Bought postage stamps $13.60, voucher #5 (Miscellaneous Expense) 4 Issued voucher for taxi fare $25.50, voucher #6 7 Issued voucher 7 for delivery of props to WNBA Delivery Service, $13.50. S. Bird withdrew $30.00 for personal use, voucher #8. 11 Bought balloons for show $15.75, voucher #9 (Office Supplies) 14 Bought construction paper for company $6.80, voucher #10 17 Bought markers for company $5.45, voucher #11 21 Ashley Robinson withdrew for personal use $25.00, voucher #12 29 Issued voucher for taxi fare $13.41, voucher #13 31 Issued for cash check no. 8794 for $149.01 to reimburse Petty Cash Fund.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 1PA: On September 1, French company has decided to initiate a petty cash fund in the amount of $800....
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Petty Cash Fund Chart of Accounts: Cash 11 Petty Cash Fund Accounts Payable Sue Bird, Capital Sue Bird, Drawing Ashley Robinson, Capital Ashley Robinson, Drawing Income from Services 112 Exercise 1 221 311 312 313 314 On May 1 of this year, Start With Urself Clinic established a Petty Cash Fund. The following petty cash transactions took place during the month: 411 Office Supplies Expense Delivery Expense Miscellaneous Expense 511 512 513 Directions: 1. Record the disbursements of petty cash in the petty cash payments record, starting with page 6. Cashed check no. 8784 for $150.00 to establish petty cash fund and put the $150.00 in a locked drawer in the office. 20XX 1 May Bought postage stamps $13.60, voucher #5 (Miscellaneous Expense) 4 Issued voucher for taxi fare $25.50, voucher #6 Issued voucher 7 for delivery of props to WNBA Delivery Service, $13.50. 9. S. Bird withdrew $30.00 for personal use, voucher #8. 11 Bought balloons for show $15.75, voucher #9 (Office Supplies) 14 Bought construction paper for company $6.80, voucher # 10 17 Bought markers for company $5.45, voucher #11 21 Ashley Robinson withdrew for personal use $25.00, voucher #12 29 Issued voucher for taxi fare $13.41, voucher #13 31 Issued for cash check no. 8794 for $149.01 to reimburse Petty Cash Fund.
Transcribed Image Text:Petty Cash Fund Chart of Accounts: Cash 11 Petty Cash Fund Accounts Payable Sue Bird, Capital Sue Bird, Drawing Ashley Robinson, Capital Ashley Robinson, Drawing Income from Services 112 Exercise 1 221 311 312 313 314 On May 1 of this year, Start With Urself Clinic established a Petty Cash Fund. The following petty cash transactions took place during the month: 411 Office Supplies Expense Delivery Expense Miscellaneous Expense 511 512 513 Directions: 1. Record the disbursements of petty cash in the petty cash payments record, starting with page 6. Cashed check no. 8784 for $150.00 to establish petty cash fund and put the $150.00 in a locked drawer in the office. 20XX 1 May Bought postage stamps $13.60, voucher #5 (Miscellaneous Expense) 4 Issued voucher for taxi fare $25.50, voucher #6 Issued voucher 7 for delivery of props to WNBA Delivery Service, $13.50. 9. S. Bird withdrew $30.00 for personal use, voucher #8. 11 Bought balloons for show $15.75, voucher #9 (Office Supplies) 14 Bought construction paper for company $6.80, voucher # 10 17 Bought markers for company $5.45, voucher #11 21 Ashley Robinson withdrew for personal use $25.00, voucher #12 29 Issued voucher for taxi fare $13.41, voucher #13 31 Issued for cash check no. 8794 for $149.01 to reimburse Petty Cash Fund.
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