Quiz Question 27 Not yet answered On December 1, Fast Translators decided to establish a petty cash fund for the office. A cheque of $270 was issued and cashed. The $270 cash was given to the office manager who was to act as the petty cashier. He decided that the petty cash fund should be replenished when the balance in the cash box reached $80. Do not enter dollar signs or commas in the input boxes. Marked out of 20.00 P Flag question a) Record the establishment of the petty cash fund on December 1. Date Account Title and Explanation Debit Credit Dec 1 e To set up petty cash fund b) On December 25, the balance in the petty cash account was $80. A summary of the expenses was prepared Delivery Expense $69 Maintenance Expense $55 Postage Expense $47 Supplies Expense S18 Total $189 Prepare the journal entry to replenish the petty cash fund Enter the debit accounts in alphabetical order. Date Account Title and Explanation Debit Credit Dec 25 + = To replenish perty cash fund c) On December 31, with input from the petty cashier, management decided to increase the amount of the petty cash fund from $270 to $330. A cheque for $60 was issued. Record the transaction. Date Account Title and Explanation Debit Credit Dec 31 To increase the petty cash fund Next page