Exercise 6-14A Effect of petty cash events on the financial statements LO 6-4 (The following information applies to the questions displayed below) Fresh Foods established a petty cash fund of $300 on January 2 On January 31, the fund contained cash of $11170 and vouchers for the following cash payments Maintenance expense office supplies Transportation expense -$77.25 76.00 30.25 The three distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund. (2) reimbursements made to employees, and (3) recognition of expenses and replenishment of the fund. Exercise 6-14A Part a Required a. Show each of the three events in a horizontal statements model like the following one (In the Cosh Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or a financing activity (FA). Use NA to indicate that an account wos not affected by the event. Enter any decreases to account balances with a minus sign. Round your final answers to 2 decimal places.) FRESH FOODS Statements Model Revenue Assets Expense Net Income Cash Flow Stockholders Equity Retained Earnings No Cash Petty Cash WN 1 2 3 HULLUISURILE ULUU YIL UCLI U My LUVIISI MUUWI reimbursements made to employees, and (3) recognition of expenses and replenishmen Exercise 6-14A Part b b. Record the events in general journal format. (If no entry is required for a transaction/event, the first account field. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet B C > . Record entry for petty cash fund. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal