Question Content Area Recording Petty Cash Account Transactions During August, Peter Company engaged in the following transactions involving its petty cash fund On August 1, Peter Company established the petty cash fund by issuing a check for $1,500 to the fund custodian On August 4, the custodian paid $74 out of petty cash for freight charges on new equipment This amount is properly classified as equipment On August 12, the custodian paid $140 out of petty cash for supplies Peter expenses supplies purchases as supplies expense On August 22, the custodian paid $22 out of petty cash for express mail services for reports sent to the Environmental Protection Agency This is considered a miscellaneous expense On August 25, the custodian filed a claim for reimbursement of petty cash expenditures during the month totaling $236 On August 31, Peter issued a check for $236 to the custodian, replenishing the fund for expenditures during the month Required Prepare any journal entries required to record the petty cash account transactions that occurred during the month of August If no entry is required, select No entry required If an amount box does not require an entry, leave it blank

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Question Content Area Recording Petty Cash Account Transactions During August, Peter Company engaged in the following transactions involving its petty cash fund: On August 1,

Question Content Area

Recording Petty Cash Account Transactions

During August, Peter Company engaged in the following transactions involving its petty cash fund:

On August 1, Peter Company established the petty cash fund by issuing a check for $1,500 to the fund custodian.
On August 4, the custodian paid $74 out of petty cash for freight charges on new equipment. This amount is properly classified as equipment.
On August 12, the custodian paid $140 out of petty cash for supplies. Peter expenses supplies purchases as supplies expense.
On August 22, the custodian paid $22 out of petty cash for express mail services for reports sent to the Environmental Protection Agency. This is considered a miscellaneous expense.
On August 25, the custodian filed a claim for reimbursement of petty cash expenditures during the month totaling $236.
On August 31, Peter issued a check for $236 to the custodian, replenishing the fund for expenditures during the month.

Required:

Prepare any journal entries required to record the petty cash account transactions that occurred during the month of August. If no entry is required, select "No entry required". If an amount box does not require an entry, leave it blank.