Recording Petty Cash Transactions Budding Products had a balance of $400 in cash in its petty cash fund ot the beginning of Novembec, The folloning transactions took place in November: a. On November 1, the custodian paid $43 out of petty cash for new pens with Budding's newiy designed logo prominently displayed. This is considered sipplies expense. b. On November 7 , the custodien paid $76 out of petty cash for minor repairs to its equipment. This is a maintenance expense. c. On fovember 9 , the custodian paid $33 out of petty cash for transportation-in. d. On Navember 15, the custodian paid $46 out of petty cash to bave documents delivered to the accounting firm prcvacing the company's corporate tax return. This is cansidered ar other expense. F. On November 22, the custodian paid 5150 eut of petty cash to reimburse the Chief Financat Officer for costs he had incurred in traveling to the airport for an important intemational business conference. This is a travel expense. f. On November 28, the custodan submitted recepts for the above expenstures and a check was drawn for the amount to reolenish the find. Requiredt Prepare any joumal entries made by the corporation to recond these transtetions. If mo entry is required, seleat "No entry required". If an amount box does not reoure an entr. leave it blank: Intemational business conference. This is a travel expense. 1. On November 28, the custodan submitted receipts fer the abeve expenditures and a check was drawn for the amount to replenish the fund. Required: Prepare any journal entries mace by the corporation to record these transacticns. If no entry is required, select "No entry recuired". If an amoutt box does not require an enth, it bienk. Previous 6 more Chedk My Wotk uses tentaining