Question 1 [25 points]

Oppong Corporation completed the following petty cash transactions during August and September in 2014

August 1 Drew a $300.00 choque, cashed it, and gave the proceeds and the petty cash box to Shawna, Cameron, the petty cashier August 9 Purchased paper for the office copier, $48.85, to be used this month August 11 Paid $36.30 courier charges to deliver merchandise to a customer

August 24 Paid $33.90 for refreshments for meetings

August 28 Purchased ink for the office photocopier, $27 05, to be used this month August 28 Paid $23.55 COD charges on merchandise purchased for resale (assume a perpetual

inventory system)

August 31 Shawna Cameron sorted the petty cash receipts by accounts affected and exchanged them for a cheque to reimburse the fund for expenditures. However, there was $335 70 in tach in the tuna

September 9 Roimbursed the manager for business auto, $37.65 September 12 Paid 523 30 courier charges to deliver merchandise to a customer

September 25 Paid $49 00 to mail a contract to a client September 30 Shawna Cameron sorted the petty cash receipts by accounts affected and exchanged them for a cheque to reimburse the fund for expenditures. There will & Teo OSVETELS

IN D Mind

Propare thron journal entnos: one to establish the petty cash fund, the second to record the reimbursement of the tund at the end of the first month and me last to record merement of tra una ut mappa

of the second month Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (e January 15 would be 15-Jan).

Gatical lautoal

Pars GJ

Dato Account Explanation

Dent Crdit

300

T/Ang Patty call

300