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Retu Fresh Foods established a petty cash fund of $300 on January 2. On January 31, the fund contained cash of $432.45 and vouchers for
Retu Fresh Foods established a petty cash fund of $300 on January 2. On January 31, the fund contained cash of $432.45 and vouchers for the following cash payments: Maintenance expense $73.50 Office supplies Transportation expense 38.75 71.40 The four distinct accounting events affecting the petty cash fund for the period were () establishment of the fund, (2) reimbursements made to employees, and (3) recognition of expenses including any amount of cash short or over and (4) replenishment of the fund Required Show each of the four events in a horizontal statements model like the following one. (In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or a financing activity (FA). Use NA to indicate thet an accou affected by the event. Enter any decreases to account balances with a minus sign. Round your final answers to 2 decimal places.) 8 Answer is complete but not entirely correct. FRESH FOODS Statements Model Stockholders Net Income Assets RevenueExpense Cash Flow Petty Cash Retained Earnings Cash 000NA (300.00) 0.00 0.00 0.00 0.00183 65 300 00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 (183 65) (183 65) 03 (183.65) (183.65) OA 4 (316 10) 3 316.10 3
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