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help aspa On May 1 of this year, Kelso and Company established a Petty Cash Fund. The following petty cash transactions took place during the
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On May 1 of this year, Kelso and Company established a Petty Cash Fund. The following petty cash transactions took place during the month: May 1 Cashed check no, 956 for $130 to establish a Petty Cash Fund, and put the $130 in a locked drawer in the office. 3 Bought postage stamps, $3.10, voucher no, 1 (Miscellaneous Expense). 4 Issued voucher no. 2 for taxi fare, $8 (Miscellaneous Expense), 6 1ssued voucher no. 3 for delivery charges on outgoing parts, $10. 9 B. Kelso, the owner, withdrew $10 for personal use, voucher no. 4 . 13 Paid $6.23 for postage, voucher no. 5 (Miscellaneous Expense). 19 Bought pens for office, $4.00, voucher no. 6. 23 Paid $1.12 for a box of staples, voucher no, 7. 28 Paid $10,00 for window cleaning service, voucher no. 8 (Miscelianeous Expense), 29 Paid $1.65 for pencils for office, voucher no. 9 . 31 Issued for cash check no. 1098 for $54.10 to reimburse Petty Cash Fund. Required: 1. Journalize the entry establishing the Petty Cash Fund in the general journal. 1. Joumatize the entry establishing the Petty Cash Fund in the general joumal. 2. Record the distursements of petty cash in the petty cash payments record. Round your answers to the nearest cent. 2. Record the disbursements of petty cash in the petty cash payments record, Round your answers to the nearest cent 2 -rofe Chack My Wonk wises certanicy Print liem (3) 3. Journalize the summarizing entry to reimburse the Petty Cash Fund. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent. 2 thote Check 4y Work uses ramairing Step by Step Solution
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