Name ACTIVITY - PETTY CASH 2 1 Record a new petty cash fund started for $600.00 on 3/1/10 via a journal entry. 2 Throughout March, the following amounts were reimbursed from the petty cash fund per cash receipts received (Note: A check will be cut and given to the Petty Cashier whom will then cash the check to start the petty cash fund Mar 8 advertising 22.00 Mar 10 repales 55.50 Mar 20 delivery 43.70 Mar 30 notary foo 25.87 On 3/31/10, the petty cash count was $463.93 Book the March journal entry to REPLENISH the petty cash fund back to its original balance and record expenditures. (Note: Along with this JE, a check will be cut and given to the Petty Cashier whom will then cash the check at the bank to replenish the petty cash fund). 3 On 4/15/10, the current petty cash fund balance is determined insufficient, thus a check was cut to petty cash to increase the balance. Book the journal entry to INCREASE the petty cash fund to $800. 4 In June 2010, since business has slowed during the summer months, a portion of the petty cash fund was deposited back into the checking account. Book the journal entry to REDUCE the petty cash fund to $300 5 in October 2010, it was determined the petty cash fund is no longer needed, thus the entire cash amount was deposited back into the cash account. Book the journal entry to ELIMINATE the petty cash fund. 600 1000 311 1 Delly cush cash sel petty cash cand 2 Advertung excnice Delivery expense Notury Fee expense petty cash TO record peity cash expense 12:00 55.CD 42.10 14701 3 }