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E5-25: Recording petty cash fund transactions Illustrate the effect on the accounts and financial statements of the following transactions: a. Established a petty cash fund

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E5-25: Recording petty cash fund transactions Illustrate the effect on the accounts and financial statements of the following transactions: a. Established a petty cash fund of $500 b. The amount of cash in petty cash fund is now $45. Replenished the fund, based on the following summary of petty cash receipts: a. Office supplies purchased: $175 b. Miscellaneous selling expense: $190 C. Miscellaneous administrative expense $90 Balance Sheet Income Statement Assets Liabilities Stockholders' Equity Event Statement of Cash Flow male Sheet Income Statement Assets Liabilities Stockholders' Equity Matement of Cash Flow Event income a Annets Liabilities Stockholders' Equity Matement of Cashew Event

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