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May 1 Prepared a company check for $450 to establish the petty cash fund. May 15 Prepared a company check to replenish the fund for
May 1 Prepared a company check for $450 to establish the petty cash fund. May 15 Prepared a company check to replenish the fund for the following expenditures made siftce Hay 1 . May 15 a. Paid $140.40 for janitorial expenses. May 15 b. Paid $114.62 for miscellaneous expenses. May 15 c. Paid postage expenses of $78.30. May 15 d. Paid \$102.87 to Facebook for advertising expense. May 15 e. Counted $34.51 remaining in the petty cashbox. May 16 Prepared a company check for $200 to increase the fund to $650. May 31 The petty cashier reports that $442.13 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15. May 31 f. Paid postage expenses of $69.85. Way 31g. Reimbursed the office manager for mileage expense, $55.61. May 31 h. Paid \$57.41 in delivery expense for products to a sustomer, terms. F0B destination. May 31 The company dexides that the May 16 inerease in the fund was too large. It reduces the fund by $50, leaving a tatal of $600. Required: Prepare journal entries to establish the fund on May-1, to leplenish it on May 15 and an May 31, and to reflect any increase or decrease in the fund balance on May 16 and May 31. (Round youf answers to 2 decimal places:) Journal entry worksheet Prepared a company check for $450 to establish the petty cash fund. Note: Enter debits before credits. Journal entry worksheet Prepared a company check to replenish the fund for the expenditures made since May 1. Note: Enter debits before credits. Journal entry worksheet 1 5 Prepared a company check for $200 to increase the fund to $650. Note: Enter debits before credits. ournal entry worksheet Prepared a company check to replenish the fund for the expenditures made since May 15. ote: Enter debits before credits. and to reflect any increase or decrease in the fund balance on May 16 and May 31. ound your answers to 2 decimal places.) Journal entry worksheet The company decides that the May 16 increase in the fund was too large. It reduces the fund by $50, leaving a total of $600. Note: Enter debits before credits
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