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[The following Information applies to the questions displayed below) Austin Co. established a petty cash fund by Issuing a check for $308 and appointing Steve
[The following Information applies to the questions displayed below) Austin Co. established a petty cash fund by Issuing a check for $308 and appointing Steve Mack as petty cash custodian. Mack had vouchers for the following petty cash payments during the month: $ 53 Stamps Miscellaneous itens Employee supper money Taxi fare Window-washing service There was $24 of currency in the petty cash box at the time it was replenished. Problem 6-24A Part a Required a. Prepare all general Journal entries necessary to (1) establish the fund. (2) reimburse employees, (3) recognize the expenses and replenish the fund. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Answer is not complete. General Journal No Event Credit Debit 308 Petty cash Cash No journal entry required Postage expense Miscellaneous expense Meals expense Transportation expense Maintenance expense Cash short and over Petty cash OOOOOOOOOO 53 27 88 48 OOO000 294
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