Problem $2(21$ points$)$

A company established a petty cash fund of $$100$ on September $1.$ On September $10,$ the petty

cash fund was replenished when there was $$16$ remaining and there were petty cash receipts

for: office supplies, $$27$; transportation$-$in on inventory purchased, $$32$; and postage, $$22.$ On

September $15,$ the petty cash fund was increased to $$125$ in total. Record the above

transactions in general journal form.

Problem $3(17$ points$)$

The following information is available for the Avisa Company for the month of November:

a$.$ On November $30,$ after all transactions have been recorded, the balance in the company's

Cash account has a balance of $$27,202.$

b$.$ The company's bank statement shows a balance on November $30$ of $$29,279.$

c$.$ Outstanding checks at November $30$ include check #$3030$ in the amount of $$1,525$ and check

#$3556$ in the amount of $$1,459.$

d$.$ A credit memo included with the bank statement indicates that the bank collected $$780$ on a

noninterest$-$bearing note receivable for Avisa. The bank deducted a $$10$ collection fee, and

credited the remainder of $$770$ to Avisa's account.

e$.$ A debit memo included with the bank statement shows a $$67$ NSF check from a customer, J$.$

Brown.

f$.$ A deposit placed in the bank's night depository on November $30$ totaled $$1,675,$ and did not

appear on the bank statement.

g$.$ Examination of the checks on the bank statement with the entries in the accounting records

reveals that check #$3445$ for the payment of an account payable was correctly written for

$$2,450,$ but was recorded in the accounting records as $$2,540.$

h$.$ Included with the bank statement was a debit memorandum in the amount of $$25$ for bank

service charges. It has not been recorded on the company's books.

Prepare a bank reconciliation and any adjusting entries needed.

Problem $4(7$ points$)$

A company allows its customers to use bank credit cards to charge purchases. When

customers use the credit cards, the net amount is deposited in the company's checking account.

The company also is charged a $2\mathrm{.}5\%$ service charge for these credit card sales. Assume that on

April $13,$ the company sold $$25,000$ worth of merchandise to customers who used credit cards.

Prepare the company's journal entry to record the credit card sales for April $13$ assuming the

company deposited the receipts that same day.