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During August, several minor activities involving petty cash funds occurred at the Wittleston Inn. a. On August 1, a petty cash fund was established in the amount of $100. b. On August 10, the fund was replenished, since it had a $12 balance. The written receipts were a follows: Fresh fruit (food) Gasoline for mowing of lawn COD for package for guest $ 35 c. On August 20, the fund was replenished and the written receipts were as follows: Stamps $ 50 $ 30 $ 25 Office supplies $ 40 d. On August 31, the petty cash fund, with a $5 balance, was replenished and the following recei were: Fresh fruit Shipping charges to UPS 69 69 $ $ 30 40

During August, several minor activities involving petty cash funds occurred at the Wittleston Inn. a. On August 1, a petty cash fund was established in the amount of $100. b. On August 10, the fund was replenished, since it had a $12 balance. The written receipts were a follows: Fresh fruit (food) Gasoline for mowing of lawn COD for package for guest $ 35 c. On August 20, the fund was replenished and the written receipts were as follows: Stamps $ 50 $ 30 $ 25 Office supplies $ 40 d. On August 31, the petty cash fund, with a $5 balance, was replenished and the following recei were: Fresh fruit Shipping charges to UPS 69 69 $ $ 30 40

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 15RE
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Problem 6 During August, several minor activities involving petty cash funds occurred at the Wittleston Inn. a. On August 1, a petty cash fund was established in the amount of $100. b. On August 10, the fund was replenished, since it had a $12 balance. The written receipts were as follows: Fresh fruit (food) 30 Gasoline for mowing of lawn 25 COD for package for guest $ 35 c. On August 20, the fund was replenished and the written receipts were as follows: Stamps $ 50 Fresh fruit Shipping charges to UPS Office supplies $ SA SA $ Office supplies $ 40 d. On August 31, the petty cash fund, with a $5 balance, was replenished and the following receipts were: $ SA SA $ $ 30 40 24
Transcribed Image Text:Problem 6 During August, several minor activities involving petty cash funds occurred at the Wittleston Inn. a. On August 1, a petty cash fund was established in the amount of $100. b. On August 10, the fund was replenished, since it had a $12 balance. The written receipts were as follows: Fresh fruit (food) 30 Gasoline for mowing of lawn 25 COD for package for guest $ 35 c. On August 20, the fund was replenished and the written receipts were as follows: Stamps $ 50 Fresh fruit Shipping charges to UPS Office supplies $ SA SA $ Office supplies $ 40 d. On August 31, the petty cash fund, with a $5 balance, was replenished and the following receipts were: $ SA SA $ $ 30 40 24
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