Joy's Dance Studio created a \(\$ 200\) imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows:

Requirements 

(a) create the petty cash fund

(b) record its replenishment. Cash in the fund totals \(\$ 75\), so \(\$ 3\) is missing. Include explanations. 

Transcribed Image Text:

Petty Cash Ticket No. Item Account Debited Amount 1 Delivery of programs to customers Delivery Expense $22 2 3 45 Mail package Newsletter Key to closet Postage Expense 42 Supplies Expense 34 Miscellaneous Expense 16 Computer diskettes Supplies Expense 8