Submit Kiona Co set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year) May 1 Prepared company check for $250 to establish the petty cash fund. 15 Prepared a company check to replenish the fund for the folloin expeditures de since May 1 .. Paid $78.00 for janitorial expenses. b. Paid $63.68 for scellaneous expenses. c. Paid postage expenses of 543.50. d. Paid $57.15 to Facebook for advertising expense. .. Counted $19.17 remaining in the petty cashbox. 16 Prepared company check for $200 to Increase the fund te 1450. 31 The petty cashier reports that $298.39 cash remain in the fund. A company check la drum to replenish the fund for the following expenditures made since May 15. f. Paid postage expenses of $48.36. 9. Reimbursed the office manager for mileage expense, $38.50. A. Paid $39.75 in delivery expense for product to a stoner, tar o destination 31 The company decides that the May 16 Increase in the fund was too larg. It reduces the fund by 550, leaving total of $400. Required: Prepare Journal entries to establish the fund on May 1, to replenish it on May 15 and on May 31, and to reflect any increase or decrease in the fund balance on May 16 and May 31 (Round your answers to 2 decimal places.) View transaction ist Journal entry worksheet 1 2 3 4 5 > Prepared a company check for $250 to establish the petty cash fund Note Enter debits before credits Credit Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. Feb. 2 Wrote a $350 check to establish a petty cash fund. 5 Purchased paper for the copier for $14.95 that is immediately used. 9 Paid $36.50 shipping charges transportation-in) on merchandise purchased for resale, tem Fon shipping point. These costs are added to merchandise inventory. 12 Paid $8.75 postage to deliver a contract to client. 14 Reimbursed Adina Sharon, the manager, $73 for mileage on her car. 20 Purchased office paper for $68.77 that is immediately used. 23 Paid a courier $17 to deliver merchandise sold to a customer, terma TOB destination. 25 Paid $10.50 shipping charges (transportation-in) on merchandise purchased for resale, ternaron shipping point. These costs are added to merchandise inventory. 27 Paid $55 for postage expenses. 28 The fund had $22.94 remaining in the petty cashbox. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures. 28 The petty cash fund amount is increased by $100 to a total of $450. Required: 1. Prepare the journal entry to establish the petty cash fund. 2. Prepare a petty cash payments report for February with these categories: delivery expense, mileage expense, postage expense, merchandise inventory (for transportation-in), and office supplies expense, 3. Prepare the journal entries for required 2 to both (a) reimburse and (6) Increase the fund amount. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the journal entry to establish the petty cash fund. View transaction list Journal entry worksheet ! Required information The following information applies to the questions displayed below.) The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $24.942 debit balance, but its July bank statement shows a $26,103 cash balance. b. Check No. 3031 for $1,030, Check No. 3065 for $291, and Check No. 3069 for $1798 are outstanding checks as of July 31. c. Check No. 3056 for July rent expense was correctly written and drawn for $1.240 but was erroneously entered in the accounting records as $1,230, d. The July bank statement shows the bank collected $7,500 cash on a note for Branch. Branch had not recorded this event before receiving the statement. e. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. f. The July statement shows a $11 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received g. Branch's July 31 daily cash receipts of $8,632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. 2. Prepare the journal entries necessary to make the company's book balance of cash equal to the reconciled cash balance as of July 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 N 3 45 6 7 Required information The following information applies to the questions displayed below.) Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for $1,035 and No. 5893 for $515. Check No. 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation From the September 30 Bank Statement PREVIOUS BALANCE 19,500 TOTAL CHECKS AND DEBITS 9.729 TOTAL DEPOSITS AND CREDITS 11,569 CURRENT BALANCE 21,340 No. CHECKS AND DEBITS Date Amount 09/03 5888 1,035 09/04 5902 754 09/07 5901 1,867 09/17 622 NP 09/20 5905 919 09/22 359 09/22 5904 2,083 09/28 5907 229 09/29 5909 1,861 DEPOSITS AND CREDITS Date Amount 09/05 1,154 09/12 2,273 09/21 4,093 09/25 2,367 09/30 22 IN 09/30 1,660 CM 5903 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,154 12 2.273 21 4,093 25 2,367 30 1,736 11,623 Required information The following information applies to the questions displayed below) Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding. No: 5888 for $1035 and No: 5893 for $515. Check No. 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation From the September 30 Bank Statement PREVIOUS BALANCE 19,500 TOTAL CHECS AND DEBITS 9,729 TOTAL DEPOSITS AND CREDITS 11,569 CURRENT BALANCE 21,340 CHECKS AND DESITS Date No. Amount 09/0) 5888 1,035 09784 5902 754 09/07 5901 1.367 09/17 622 NSF 09/20 5905 09/22 5903 359 09/22 5904 2,083 09720 5907 229 09/29 5909 1,261 ROSITS AND CREDITS Date Amount 09/05 1,154 09/12 2,273 09/21 4,093 09/25 2.367 09/30 22 IN 09/30 1.660 CN is From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 1,154 12 2,273 21 4.093 25 2,367 30 1,736 11,623