Petty Cash Assignment Question I Name On October 1, 20XX, Stark Industries Company establishes a petty cash fund by issuing a cheque for $150 to Sonya Vincent, the custodian of the petty cash fund. On October 31, 20XX, Sonya Vincent submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $42 cash in the fund: Freight in Travel Expense Repair Expense Prepare the journal entries required to a) establish the fund b) replenish the fund on Oct 25 c) increase the fund to DATE $200 DESCRIPTION $27 43 40 Ref DR CR Assignment Question On October 1, 20XX, Wayne Enterprises Company establishes a petty cash fund by issuing a cheque for $230 to Benadryl Cucumberpatch, the custodian of the petty cash fu On October 31, 20XX, Benadryl Cucumberpatch submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $37 cash in the fund Freight in Office Supplies Expense Misc. expense Postage Expense Prepare the journal entries required to a) establish the fund b) replenish the fund on Oct 15 c) decrease the fund to 200 DATE DESCRIPTION $43 37 50 30 Ref DR CR