2. If the monthly petty cash estimated of 220$, and expenses that paid from the petty cash allowance are: transportation 50$, tip 10$, postage 20$. Also, at the end of the month, management decided to reduce petty cash allowance to 150$. The entry to record the actual expenses paid from petty cash is: (2 points) Dr. transportation 50$, tip 10$, postage 20$........ Cr. petty cash 80$. Dr. transportation S0$, tip 10$, postage 20$......... Cr. cash 80$. De transportation 50s, tip 10$, postage 20$, cash 70$.......... Petty cash 150$. Dr. transportation 50$, tip 10$, postage 20$, cash over and short 70$............ Petty cash 150$ 11. Worthington Chandler Company purchased equipment for 10,000. Sales tax on the purchase was 500. Other costs incurred were freight charges of 200, repairs of 350 for damage during installation, and installation costs of 225. What is the cost of the equipment? (2 points) E10,000 E10,500 10,925 E11,275