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Ludwig Inc. completed the following petty cash transactions during October, 2014. October 1: Drew an $800.00 cheque, cashed it, and gave the proceeds and the

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Ludwig Inc. completed the following petty cash transactions during October, 2014. October 1: Drew an $800.00 cheque, cashed it, and gave the proceeds and the petty cash box to Andrew Martin, the petty cashier. October 3: Paid $148.25 for refreshments for meetings. October 4: Paid $129.95 courier charges to deliver merchandise to a customer. October 5: Paid $140.90 to mail a contract to a client. October 8: Purchased office supplies for $159.60. October 11 : Paid $134.30 courier charges to deliver merchandise to a customer. October 31: Andrew Martin sorted the petty cash receipts by accounts affected and exchanged them for a cheque to reimburse the fund for expenditures. However, there was $90.00 in case in the fundin addition, the size of the petty cash fund was increased to $825.00. a) Enter the journal entry to establish the petty cash fund. Enter an appropriate description, and enter the date in the format dd/mmm (ie. 15/Jan). General Journal Date Account/Explanation 1/Oct Petty cash Cash (Established petty cash account) Page Gj1 F Debit Credit 800 800 b) Enter the journal entry to to record the reimbursement and the increase/decrease of the fund. Enter an appropriate description, and enter the date in the format ddimmm (ie. 15 Jan us General Journal Account/Explanation Page Gj1 Credit F Debit Date 31/Oct SUBMIT AND MARK Official Time: 17:16:07

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