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Required information (The following information applies to the questions displayed below.) Service World maintains a petty cash fund. The fund custodian encountered the following events.
Required information (The following information applies to the questions displayed below.) Service World maintains a petty cash fund. The fund custodian encountered the following events. a. The fund was established when a check for $330 was cashed and deposited into a locked cash box. b. An employee submitted a receipt for a customer delivery costing $26 and was reimbursed in full from petty cash. c. Another employee submitted a receipt for $66 for locksmith repairs to the office door and was reimbursed in full from petty cash. d. An employee submitted a receipt for newspaper advertising that cost the company $56. She was given $56 from the petty cash box. e. The petty cash custodian received and cashed a check that fully replenished the petty cash fund. f. An employee submitted a receipt for $41 for supplies and was reimbursed in full from petty cash. g. An employee submitted a receipt for $71 for filling up his personal vehicle. He was not reimbursed because it would violate company policy. h. At the end of the month, a check was given to the petty cash custodian to not only replenish the petty cash fund but also increase the total fund to $440. 2. If Service World has $1,300 cash, $400 of government Treasury bills purchased last month with a six-week maturity, $810 of cash set aside for legal reasons, how much will the company report on the balance sheet as "Cash and Cash Equivalents
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