Petty Cash

$\frac{8}{1}$

$\frac{8}{16}$

icord Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August.

g$.1$ Established the petty cash fund by writing a check payable to the petty cash custodian for $$220.$

$15$ Replenished the petty cash fund by writing a check for $$215\mathrm{.}50.$ On this date, the fund consisted of $$4\mathrm{.}50$ in cash and these petty cash receipts: freight$-$out $$94,$ entertainment expense $$45\mathrm{.}50,$ postage expense $$42\mathrm{.}50,$ and miscellaneous expense $$31\mathrm{.}80.$

$16$ Increased the amount of the petty cash fund to $$300$ by writing a check for $$80\mathrm{.}00.$

$31$ Replenished the petty cash fund by writing a check for $$283\mathrm{.}20.$ On this date, the fund consisted of $$16\mathrm{.}80$ in cash and these petty cash receipts: postage expense $$140\mathrm{.}10,$ entertainment expense $$96\mathrm{.}70,$ and freight$-$out $$44\mathrm{.}70.$