5)The ledger accounts given below, with an identification number for each, are used by Quirk Company. Quirk Company uses a perpetual inventory system.

Prepare appropriate entries for the month of March for each of the listed petty cash fund transactions by placing the appropriate identification number(s) in the debit and credit columns provided. Write "N/A" if no entry is appropriate.

1. Cash 7. Office Supplies Expense [10]

2. Petty Cash 8. Postage Expense

3. Accounts Receivable 9. Freight Out

4. Office Supplies 10. Miscellaneous Expense

5. Merchandise Inventory 11. Cash Over and Short

6. Freight In 12. (Other Accounts)

Account(s) Account(s)

Entry Information Debited Credited

Mar. 1 Issued a cheque for $400 to establish a petty cash fund.

Mar. 3 Disbursed $40 for pizza and drinks for staff working overtime.

Mar. 5 Paid collect Canada Post bill for goods purchased for resale $20.

(March 6 - 17 various other disbursements took place.)

Mar. 18 Replenished the petty cash fund by writing a cheque for $345.On this date the fund consisted of $55 in cash plus the following petty cash receipts: Freight in $91, office supplies $95, postage expense $77, and miscellaneous expense $79.

Mar. 21 A cheque was written for $200 to increase the stipulated amount of the fund.