Check my work 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 20 70 50 75 There was $21 of currency in the petty cash box at the time it was replenished The four distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund. (2) reimbursements made to employees, (3) recognition of expenses (Note: all expenses are recorded in total as miscellaneous expense), and (4) replenishment of the fund. Assume the Company uses the traditional approach to petty cash expense recognition and replenishment. Required a. Show each of the four events in a horizontal statements model C. Identify the events depicted in Requirement a as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Complete this question by entering your answers in the tabs below. Required A Required c Show each of the four events in a horizontal statements model. (Enter any decreases to account balances with a minus sign. For changes on the Statement of Cash Flows whether the item is an operating activity (OA), investing activity (IA), financing activity (FA), or pave the cell blank if there is no effect.) AUSTIN CO. Horizontal Statements Model Effect of Events on the Financial Statements Income Statement Balance Sheet