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Started a petty cash fund in the amount of $250. B. Replenished petty cash fund using the following expenses: Auto Expense $17, Office Expense $17, Postage Expense $90, Miscellaneous Expense $68. Cash on hand is $30. C. Increased petty cash by $150. Record these transactions. If an amount box does not require an entry, leave it blank.   A.   Petty Cash Petty Cash     Cash Cash B.   Auto Expense Auto Expense     Office Expense Office Expense     Postage Expense Postage Expense     Miscellaneous Expense Miscellaneous Expense     Cash Over and Short Cash Over and Short     Cash Cash C.   Petty Cash Petty Cash

Started a petty cash fund in the amount of $250. B. Replenished petty cash fund using the following expenses: Auto Expense $17, Office Expense $17, Postage Expense $90, Miscellaneous Expense $68. Cash on hand is $30. C. Increased petty cash by $150. Record these transactions. If an amount box does not require an entry, leave it blank.   A.   Petty Cash Petty Cash     Cash Cash B.   Auto Expense Auto Expense     Office Expense Office Expense     Postage Expense Postage Expense     Miscellaneous Expense Miscellaneous Expense     Cash Over and Short Cash Over and Short     Cash Cash C.   Petty Cash Petty Cash

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 2PA: On May 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,200. Prepare...
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A. Started a petty cash fund in the amount of $250.
B. Replenished petty cash fund using the following expenses: Auto Expense $17, Office Expense $17, Postage Expense $90, Miscellaneous Expense $68. Cash on hand is $30.
C. Increased petty cash by $150.

Record these transactions. If an amount box does not require an entry, leave it blank.

 

A.
 
 Petty Cash Petty Cash
 
 
 Cash Cash
B.
 
 Auto Expense Auto Expense
 
 
 Office Expense Office Expense
 
 
 Postage Expense Postage Expense
 
 
 Miscellaneous Expense Miscellaneous Expense
 
 
 Cash Over and Short Cash Over and Short
 
 
 Cash Cash
C.
 
 Petty Cash Petty Cash
 
 
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