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fransactions P7.3 (LO 2) Kael Photography maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug, Established the
fransactions P7.3 (LO 2) Kael Photography maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug, Established the petty cash fund by writing a check payable to the petty cash custodian for R$200. 15 Replenished the petty cash fund by writing a check for R$175. On this date, the fund consisted of R$25 in cash and these petty cash receipts: freight-out R$74.40. entertainment expense R$36, postage expense R$33.70, and miscellaneous expense R$27.50. 16 Increased the amount of the petty cash fund to R$400 by writing a check for R$200. 31 Replenished the petty cash fund by writing a check for RS283. On this date, the fund consisted of R$117 in cash and these petty cash receipts: postage expense R$145. entertainment expense R$90.60, and freight-out R$46.40. Instructions a. Journalize the petty cash transactions. b. Post to the Petty Cash account. c. What internal control features exist in a petty cash fund
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