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need journal entries 1-8 [The following information applies to the questions displayed below] Service World maintains a petty cash fund. The fund custodian encountered the
need journal entries 1-8
[The following information applies to the questions displayed below] Service World maintains a petty cash fund. The fund custodian encountered the following events. a. The fund was established when a check for $325 was cashed and deposited into a locked cash box. b. An employee submitted a receipt for a customer delivery costing $25 and was reimbursed in full from petty cash. c. Another employee submitted a receipt for $65 for locksmith repalis to the office door and was reimbursed in full from petty cash d. An employee submitted a receipt for newspaper advertising that cost the company $55. She was given $55 from the petty cash box. e. The peity cash custodian received and cashed a check that fully replenished the petty cash fund. t An employee submitted a receipt for $40 for supplies and was reimbursed in full from petty cash. g. An employee submitted a recelpt for $70 for filling up his personal vehicle. He was not reimbursed because it would violate company policy. h. At the end of the month, a check was given to the petty cash custodian to not only replenish the petty cash fund but also increase the total fund to $435. equired: Prepare any required joumal entries: (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account fieid.) Step by Step Solution
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