Problem 6-24A (Static) Petty cash fund LO 6-4\ [The following information applies to the questions displayed below.]\ Austin Company established a petty cash fund by issuing a check for

$300

and appointing Steve Mack as petty cash custodian. Mack had vouchers for the following petty cash payments during the month.\ \\\\table[[Stamps,

$62

Problem 6-24A (Static) Petty cash fund LO 6-4 [The following information applies to the questions displayed below.] Austin Company established a petty cash fund by issuing a check for $300 and appointing Steve Mack as petty cash custodian. Mack had vouchers for the following petty cash payments during the month. There was $21 of currency in the petty cash box at the time it was replenished. The four distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2) reimbursements made to employees, (3) recognition of expenses, and (4) replenishment of the fund. Assume the company uses a traditional approach to petty cash expense recognition and replenishment