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Austin Co. established a petty cash fund by Issuing a check for $300 and appointing Steve Mack as petty cash custodian. Mack had vouchers for

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Austin Co. established a petty cash fund by Issuing a check for $300 and appointing Steve Mack as petty cash custodian. Mack had vouchers for the following petty cash payments during the month Stamps Miscellaneous Items Employee supper money Taxi fare Window-washing service $ 62 28 70 50 75 There was $21 of currency in the petty cash box at the time it was replenished. Problem 6-24A Part a Required a. Prepare all general Journal entries necessary to (1) establish the fund, (2) remburse employees, (3) recognize the expenses and replenish the fund. (if no entry is required for a transaction/event, select "No Journal entry required in the first account field.) Answer is not complete. No Event General Journal Credit Petty cash Cash Debit 300 0 010 300 C X 3003 300 Petty cash Cash Postage expense Miscelaneous expense Meals ecoense Transportason expense Maintenance expense Cath short and over Petty cash OOOOO 82 20 70 80 75 283 279

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