QUESTION 3

Situation: The Beauty Salon Leblanc, where you work has decided to establish a petty cash fund and you are responsible for the management of the Fund.

Here below are the transactions pasted on the first week of the month of June 2019. Open the

Use the excel petty cash register and enter transactions below.

Then determine the amount of the cheque for replenishing the petty cash account. You need replenishing in order to get the $300.00 from the beginning.

The Balance of the Petty Cash at the end of the week was 156.00$

Record the general journal entries of these transactions on the general journal sheets here attached.

TRANSACTIONS for question 3

1. On June 1st 2019, deposit in the petty cash 300.00$, to replenish the account. This amount comes from the bank account.

2. On June 2nd, purchased office furniture, amount before tax 12.99$,

3. On June 3rd, delivery charge 6.50$ before tax,

4. On June 4th, gas expense 50.00$ tax in, do the calculation

5. On June 5th, promotion and representation expense 140.00$ tax in, do the calculation.

6. On June 5th, taxi $20.00 before tax

LeBlanc Beauty Salon

Partiel Chart of Account

June 1st 2019

1200	Bank
1210	Petty cash
1240	GST on purchase
1250	QST on purchase
4995	Petty cash surplus
5110	Office furniture
5120	Delivery expense
5130	Gas expense
5140	Promotion and representation expense
5150	Miscellaneous expense (taxi)
5995	Petty cash deficit