Recording Petty Cash Account Transactions Instructions Chart Of Accounts General Journal Instructions During March, Anderson Company engaged in the following transactions involving its petty cash fund: March Transactions: Mar. 1 4 12 22 Anderson Company established the petty cash fund by issuing a check for $1,800 to the fund custodian. The custodian paid $75 out of petty cash for freight charges on new equipment. This amount is properly classified as equipment. The custodian paid $210 out of petty cash for supplies. Anderson expenses supplies purchases as supplies expense. The custodian paid $25 out of petty cash for express mail services for reports sent to the Environmental Protection Agency. This is considered a miscellaneous expense. 25 31 The custodian filed a claim for reimbursement of petty cash expenditures during the month totaling $310. Anderson issued a check for $310 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 March. eBook Chart Of Accounts Show Me How CHART OF ACCOUNTS Anderson Company General Ledger ASSETS 111 Cash 112 Petty Cash 121 Accounts Receivable 122 Notes Receivable 123 Supplies 124 Prepaid Insurance 125 Prepaid Rent 126 Inventory 127 Interest Receivable 130 Investment 131 Land 132 Buildings 133 Equipment 194 Citro REVENUE 411 Sales Revenue 412 Service Revenue 413 Interest Income. 414 Rent Revenue 421 Cash Over and Short EXPENSES 511 Cost of Goods Sold 512 Advertising Expense 513 Supplies Expense 514 Utilities Expense. 515 Rent Expense 516 Insurance Expense 517 Rank Service Charne Expense Check My Work 3 more Check My Work uses remaining. Previous G 135 Trucks 139 Accumulated Depreciation LIABILITIES 211 Accounts Payable 212 Notes Payable 213 Income Taxes Payable 214 Wages Payable 215 Utilities Payable 216 Insurance Payable 217 Rent Payable 221 Interest Payable 222 Unearned Service Revenue 223 Unearned Rent Revenue 231 Bonds Payable 521 Wages Expense 531 Interest Expense 532 Depreciation Expense 541 Income Taxes Expense 549 Miscellaneous Expense EQUITY 311 Common Stock 321 Retained Earnings 331 Dividends 350 Income Summary Check My Work 3 more Check My Work uses remaining. Previous General Journal Prepare any journal entries required to record the petty cash account transactions that occurred during the month of March. General Journal Instructions DATE ACCOUNT TITLE GENERAL JOURNAL POST REF DEBIT CREDIT ASSETS Check My Work 3 more Check My Work uses remaining. Previous BA