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Recording Petty Cash Fund Transactions Illustrate the effect on the accounts and financial statements of the following transactions. If no account ractivity is affected, select
Recording Petty Cash Fund Transactions Illustrate the effect on the accounts and financial statements of the following transactions. If no account ractivity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. a. Established a petty cash fund of $500 Balance Sheet Income Statement of Cash Stockholders' Equity Liabilities Assets + Flows Statement Income Statement Statement of Cash Flows b. The amount of cash in the petty cash fund is now $125. Replenished the fund, based on the following summary of petty cash receipts: office supplies purchased, $212; miscellaneous selling expense, $88; miscellaneous administrative expense, $75. Enter account decreases and cash outflows as negative amounts. Balance Sheet Statement of Cash Income Stockholders' Equity Liabilities Assets + Flows Statement Statement of Cash Flows Income Statement
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