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1. Kellie Company has a petty cash fund in the amount of $1,200. Prepare journal entries for the following transactions: a. On June 5, the
1. Kellie Company has a petty cash fund in the amount of $1,200. Prepare journal entries for the following transactions: a. On June 5, the petty cash fund needed replenishment, and the following are the receipts: i. Auto Expense \$125, ii. Supplies $368, iii. Postage Expense $325, iv. Repairs and Maintenance Expense \$99, v. Miscellaneous Expense \$259. vi. The cash on hand at this time was \$38. b. On June 14, the petty cash fund needed replenishment, and the following are the receipts: i. Auto Expense $425, ii. Supplies \$95, iii. Postage Expense \$240, iv. Repairs and Maintenance Expense \$299, v. Miscellaneous Expense \$77. vi. The cash on hand at this time was $80. c. On June 23 , the petty cash fund needed replenishment, and the following are the receipts: i. Auto Expense \$251, ii. Supplies $188, iii. Postage Expense \$263, iv. Repairs and Maintenance Expense \$182, v. Miscellaneous Expense \$203. vi. The cash on hand at this time was $93. d. On June 29, the company determined that the petty cash fund needed to be decreased to $1,000. e. On June 30, the petty cash fund needed replenishment as it was month-end. The following are the receipts: i. Auto Expense $114, ii. Supplies \$75, iii. Postage Expense $50, iv. Repairs and Maintenance Expense $121, v. Miscellaneous Expense \$39. vi. The cash on hand at this time was $603
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