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PB 5-4 (Supplement 5A) Reporting Petty Cash Transactions [LO 5-5, LO 5-S1 The following information applies to the questions displayed below. Service World maintains a
PB 5-4 (Supplement 5A) Reporting Petty Cash Transactions [LO 5-5, LO 5-S1 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 $360 was cashed and deposited into a locked cash box. b. An employee submitted a receipt for a customer delivery costing $32 and was reimbursed in full from petty cash. c. Another employee submitted a receipt for $72 for locksmith repairs to the office door and was d. An employee submitted a receipt for newspaper advertising that cost the company $62. She was given $62 from the petty cash box. e. The petty cash custodian received and cashed a check that fully replenished the petty cash fund. f. An employee submitted a receipt for $47 for supplies and was reimbursed in full from petty cash. 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
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