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 Anderson Company established the petty cash fund by issuing a check for $1,800 to the fund custodian The custodian paid $110 out of petty cash for freight charges on new equipment. This amount is properly classified as equipment. 12 The custodian paid $200 out of petty cash for supplies. Anderson expenses supplies purchases as supplies expense. 22 25 235 31 The custodian paid $40 out of petty cash for express mail services for reports sent to the Environmental Protection Agency. This is considered a miscellaneous expense. The custodian filed a claim for reimbursement of petty cash expenditures during the month totaling $350. Anderson issued a check for $350 to the custodian, replenishing the fund for expenditures during the month. Check My Work 3 more Check My Work uses remaining M hp FINA JITY Previll Feb 21 3:39