SE10. A petty cash fund is established at $100. At the end of May, the fund has a ca balance of $36 and petty cash vouchers for postage, $29, and office supplies, $34. 3 Bank Recon SE9. Prepare a bank reconciliation from the following information: a. Balance per bank statement as of June 30, $4,862.77 b. Balance per books as of June 30, $2,479.48 c. Deposits in transit, $654.24 d. Outstanding checks, $3,028.89 e. Interest on average balance, $8.64 Petty Cash Fund pare the journal entry on May 31, 2014, to replenish the fund. E8A. ACCOUNTING CONNECTION Developing a convenient means of providing sales lunch, is a problem many companies face. Under one company's plan, the sales by an authorization from the sales manager. The representative returns the receipt for the expenditure and any unused cash, which is replaced in the petty cash fund. The cashier of the petty cash fund is responsible for seeing that the receipt and the cash returned equal the advance. When the petty cash fund is reimbursed, the amount of the What is the weak point in this system? What fundamental principle of internal com LO 3 Bank Reconciliation E7A. Prepare a bank reconciliation from the following information: a. Balance per bank statement as of May 31, $16,655.44 b. Balance per books as of May 31, $12,091.94 c. Deposits in transit, $2,234.81 d. Outstanding checks, $6,808.16 e. Bank service charge, $9.85 LO4 Imprest System representatives with cash for their incidental expenses, such as sentatives receive advances in cash from the petty cash fund. Each advance is representative's expenditure is debited to Direct Sales Expense. , a client repre supported trol is being ignored? What improvement in the procedure can you suggest? Petty Cash Transactions LO4