Instructions During March, Anderson Company engaged in the following transactions involving its petty cash fund: Mar. 1 4 March Transactions: Anderson Company established the petty cash fund by Issuing a check for $1,100 to the fund custodian. The custodian paid $70 out of petty cash for freight charges on new equipment. This amount is properly classified as equipment The custodian paid $210 out of petty cash for supplies. Anderson expenses supplies purchases as supplies expense. The custodian paid $30 out of petty cash for express mail services for reports sent to the Environmental Protection Agency, This is considered a miscellaneous expense. The custodian filed a claim for reimbursement of petty cash expenditures during the month totaling $310. Anderson issued a check for $310 to the custodian, replenishing the fund for expenditures during the month. 12 22 25 31 Required: Prepare any journal entries required to record the petty cash account transactions that occurred during the month of March. Chart Of Accounts CHART OF ACCOUNTS Anderson Company General Ledger ASSETS REVENUE 111 Cash 411 Sales Revenue 412 Service Revenue 413 Interest Income 112 Petty Cash 121 Accounts Receivable 122 Notes Receivable 123 Supplies 124 Prepaid Insurance 414 Rent Revenue 421 Cash Over and Short EXPENSES 125 Prepaid Rent 126 Inventory 127 Interest Receivable 130 Investment 131 Land 132 Buildings 133 Equipment 511 Cost of Goods Sold 512 Advertising Expense 513 Supplies Expense 514 Utilities Expense 515 Rent Expense 516 Insurance Expense 517 Bank Service Charge Expense 521 Wages Expense 531 Interest Expense 134 Furniture 135 Trucks 139 Accumulated Depreciation General Joumal Prepare any oumal entries required to record the peny cash account transactions that occurred during the month of March. General Jewenal instructions GENERAL JOURNAL IMPACT ON FINANCIAL STATEMENTS BALANCE SHEET INCOME 51 CREDIT DOCH ACCOUNT TITLE POSTER DATE DENT TY REVENUE 1 1 4 3