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PETTY CASH FUND: ESTABLISH, RECORD, REPLENISH, ADJUST, & OVER/SHORT 1. Establish a petty cash fund for $40 May 1 2. Record the first week
PETTY CASH FUND: ESTABLISH, RECORD, REPLENISH, ADJUST, & OVER/SHORT 1. Establish a petty cash fund for $40 May 1 2. Record the first week of entries if receipts were the following: Postage $6, Stationary $15, Miscellaneous $5 (May 5) 3. Refill petty cash fund to $40 4. Increase limit of petty cash fund to $50 5. You have a petty cash fund for $20 and had the following receipts: $5.50 postage, $14 hardware & 2.25 Miscellaneous a. Record and replenish fund 6. You have a petty cash fund for $40 and had the following receipts: $15.50 postage, $8 hardware & 12.25 Miscellaneous a. Record and replenish fund
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