On June 1 of this year, Estes and Company established a Petty Cash Fund. The following petty cash transactions took place during the month, and the fund has $165.00 remaining at June 30.

June

1

Cashed check to establish Petty Cash Fund for $250.

3

Paid for mailing packages, $23.25, Voucher 1.(Note: the company uses the Miscellaneous Expense account for this mailing charge).

8

Bought memo pads and post-it-notes, $10.50, Voucher 2.

14

J. Estes, the owner, withdrew $20.00 for personal use, Voucher 3.

19

Paid $15.00 for window cleaning, Voucher 4.(Note: the company uses the Maintenance Expense account for all window cleaning charges).

22

Paid $8.75 for package delivery, Voucher 5.(Note: the company uses the Miscellaneous Expense account for this package delivery charge).

28

Paid $5.50 for parking fee, Voucher 6.(Note: the company uses the Miscellaneous Expense account for this parking fee charge).

30

Issued check to reimburse Petty Cash Fund.

Instructions:

1. Journalize the entry to establish the Petty Cash Fund in general journal using page 9.

2. Journalize the summarizing entry to reimburse the Petty Cash Fund.(Hint: You will need to use the Cash Short or Over account)