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Fresh Foods established a petty cash fund of $100 on January 2. On January 31, the fund contalned cash of $9.20 and vouchers for the
Fresh Foods established a petty cash fund of $100 on January 2. On January 31, the fund contalned cash of $9.20 and vouchers for the following cash payments: Malntenance expense Office supplies Transportation expense $61.50 12.50 15.00 The three distinct accounting events affecting the petty cash fund for the perlod were (7) establishment of the fund, (2) relmbursements made to employees, and (3) recognition of expenses and replenishment of the fund. value: 10.00 points Required a. Record each of the three events in a horizontal statements model like the following ohe. (In the Cash 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 was 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 -Stockholders Revenue Expense Net Income Assets Equity Cash Flow Retained Earnings No Cash + Petty Cash 2. 3
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