Nick Sakich has been appointed pey cash officer for Vancouver’s ShaugnessySli hotel. A petty cash fund of $300 operating under the imprest system has been authorised by the hotel’s chief accountant. Ni

established the fund by cashing a hotel bank account cheque for $300 on 1st June. The following payments were made through June.

Required:

a) Prepare the accounting entries required to record the establishment of the petty cash fund.

b) Prepare the accounting entries required to record the replenishment of the petty cash fund on 28th June.

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June 2 Stationery purchased from Seigneuret supplies June 5 Taxi fare paid for job interviewee (Dawn Enwad) $24.25 $34.50 $28.00 June 8 Bought stamps from post office June 10 USB stick purchase for Logan Philip $64.90 June 16 Birthday cake for member of staff (Miranda Smythe) $31.30 June 20 Purchase of print cartridge for Matthew Lansdowne $44.20