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In this situation, you are employed by Steven Scoggins, owner of a real estate agency, who started a petty cash fund on July 1 by
In this situation, you are employed by Steven Scoggins, owner of a real estate agency, who started a petty cash fund on July 1 by cashing a check for $100. You are responsible for the fund and are to fill out a petty cash voucher for each payment made. Fill in all the information on the voucher except the signature. Approve the voucher by adding your initials as cashier. A summary of petty cash transactions for the month is shown below the following petty cash voucher form. Prepare the petty cash voucher for the first payment made from the petty cash fund during July. No. OM Pay to For PETTY CASH VOUCHER Date 20XX $ Approved by Cashier Payment Received by Signature: SUMMARY OF PETTY CASH TRANSACTIONS July 10 Paid $20.85 to Mary Miller for the purchase of first-aid supplies. July 11 Paid $30,40 to Beverly Moss for travel expense. July 18 Paid $14.50 to Rodeway Freight Company for a delivery charge. July 25 Paid $25 to the post office for stamps. Answer the following questions: 1. What was the total amount spent from the petty cash fund for the month? 2. How much money should be in the petty cash box at this time? 3. Mr. Scoggins decides to replenish the fund to bring it back to its original balance of $100.00. He tells s you to write the check so that he can cash it at the bank. What should be the amount of the check? 4. How much money should be in the petty cash box after the fund has been replenished
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