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14f Novak Corp established a petty castifund early in 2023 to increaue the efficiency of accountine foc unad cinh tranactions and fo inprove control ower
14f
Novak Corp established a petty castifund early in 2023 to increaue the efficiency of accountine foc unad cinh tranactions and fo inprove control ower mamp of the small eagenditues it makes. Thm congamy decided to set we the kngrest fund at 4400 and a eheoue Was trsued for tha amount ond given to the petty cash custodian. During Januacy, the petty canh cuttoctian made the following dobursenents and placed a receiat for each in the cash box provided The peity cast was replenished on January 22 when the amount of cosh in the fund was 5191.95 . in June, atter sixmonths eoper ence. with the fund, management decided to increase the impirest fund to $660 (a) Preose the journa entries to establish the petty cash fund, to reimburse it on. January 22 and to increse the fund in June. (Crodit. account titles are outomotically indented when the anount is entered. Do not indent monully. If no entry as required, pelect "Wo Entry" for the account eities and enter O for the amounts. Round onswers to 2 decimbl ploces, es. 5275 . Record joumal entries in the order presented in the problem. List dil debit entries before credit entries] /10 Step by Step Solution
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