Required:

1.Prepare the journal entry to establish the petty cash fund. If an amount box does not require an entry, leave it blank.

2.Record the vouchers in the petty cash record. Total each column to determine the balance before replenishing the petty cash fund. When required, enter amounts in dollars and cents.

3.Prepare the journal entry to replenish the petty cash fund. Then record the amount in the petty cash record in part 2. If an amount box does not require an entry, leave it blank.

Instructions Petty Cash Record and Journal Entries On May 1, a petty cash fund was established for $150. The following vouchers were issued during May: Date Voucher No. Purpose Amount May 1 postage due $3.50 w 2 office supplies 11.00 Un1 auto repair (miscellaneous) 43.00 7 4 drawing (Joy Adams) 25.00 11 5 donation (Red Cross) 10.00 15 travel expenses 28.00 22 7 postage stamps 3.50 26 8 phone call 5.0 30 6 donation (Boy Scouts) 20.00 Required: 1. Prepare the journal entry to establish the petty cash fund. If an amount box does not require an entry, leave it blank. Record the vouchers in the petty cash record. Total each column to determine the balance before replenishing the petty cash fund. When required, enter amounts in dollars and cents. 3. Prepare the journal entry to replenish the petty cash fund. Then record the amount in the petty cash record in part 2. If an amount box does not require an entry, leave it blank.Journal Entry 1 . Prepare the journal Entry to establish the petty cash fund . If an amount box does not require an entry , leave it blank . FACE ! DATE ACCOUNT TITLE DOC. POST . NO . REF . DEBIT CREDIT 1 20 - - May 1 I 2 Establish petty cash fund 4Vouchers X 2. Record the vouchers in the petty cash record. Total each column to determine the balance before replenishing the petty cash fund. When required, enter amounts in dollars and cents. Petty Cash Payments For Month Of May 20-- Distribution Of Payments Charitable Travel and Voucher Total Office Postage Contributions Phone Entertainment Miscellaneous Day Description Number Amount Supplies Expense Expense Expense Expense Expense Account Amount 1 Received in fund $ 150 1 Postage due 1 3 Supplies C LO Auto repair 3 J. Adams, Drawing 4 J. Adams, Drawing 11 Donation (Red Cross) Ln 15 Travel expenses 22 Postage stamps 26 Phone call CO 30 Donation (Boy Scouts) 31 Balance 69- 31 Replenished Fund Total 49General Journal 3. Prepare the journal entry to replenish the petty cash fund. Then record the amount in the petty cash record in part 2. If an amount box does not require an entry, leave it blank. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 20-- May 31 H 2 N m In A N CO CO Replenish petty cash fund 10 10