Petty Cash Record and Journal Entries On May 1, a petty cash fund was established for $150. The following vouchers were issued during May: Amount $3.50 11.00 Date Voucher No. Purpose May 1 1 Postage due 3 2 Office supplies 5 3 Auto repair (miscellaneous) 7 4 Drawing (Joy Adams) 11 5 Donation (Red Cross) 43.00 25.00 10.00 15 6 Travel expenses 28.00 22 7 Postage stamps 3.50 26 8 Phone call 5.00 30 9 Donation (Boy Scouts) 20.00 Required: 1. Prepare the journal entry to establish the petty cash fund. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 20-- May 1 Petty Cash 150 1 2 Cash 150 3 Establish petty cash fund N m 3 4 4 2. Record the vouchers in the petty cash record. Total each column and determine the balance before replenishing the petty cash fund. Petty Cash Payments For Month Of May 20-- Distribution Of Payments Office Voucher Number Phone Total Amount Charitable Contributions Expense Postage Expense Travel and Entertainment Miscellaneous Expense Expense Day Description Supplies Expense Account Amount 1 Received in fund $ 150.00 1 Postage due 1 3 Supplies 2 5 Auto repair 3 7 J. Adams, Drawing 4. J. Adams, Drawing 11 Donation (Red Cross) 15 Travel expenses 6 22 Postage stamps 7 26 Phone call 8 30 Donation (Boy Scouts) 9 31 Balance $ 31 Replenished Fund Total $ 3. Prepare the journal entry to replenish the petty cash fund. Then record the amount in the petty cash record in part 2. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 20-- May 31 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 Replenish petty cash fund 9 10 10