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Superior Cabinets maintains a petty cash fund for minor business expenditures. The petty cash custodian, Mo Smith, describes the events that occurred during the last

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Superior Cabinets maintains a petty cash fund for minor business expenditures. The petty cash custodian, Mo Smith, describes the events that occurred during the last two months: a. I established the fund by cashing a Superior Cabinets check for $365 made payable to me b. Liz Clay provided a receipt for $69 for various supplies. I paid $69 cash to her. c. James Flyer provided a $89 taxi receipt, so I paid $89 cash to him d. Ricky Ricota claimed to do photocopying for Superior Cabinets at The UPS Store for $116 but had misplaced the receipt. He gave me a signed memo explaining what happened and I paid $116 cash to him. e. On the last day of the month, I prepared a summary of expenditures and requested the fund be replenished. I received and cashed a Superior Cabinets check for $274, placing the cash into the locked cash box. f James Flyer provided receipts for taxi costs ($94), so I paid $94 cash to him. g. Woo Riun provided a $166 receipt from a local delivery company for an expedited delivery to a customer. I paid her h. Ricky Ricota claimed to have purchased $54 of envelopes, but again he had misplaced the receipt. He showed me a . After requesting that the fund be replenished, I received and cashed a Superior Cabinets check for $314, placing the J. After suggesting that the petty cash fund be increased, I received and cashed a Superior Cabinets check for $100 cash, $166 cash. big stack of envelopes and signed another memo explaining what happened, so I paid him $54 cash. cash into the locked cash box. which I placed in the locked cash box

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