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Velor inc completed the followng petty cash transactions during September and October in 2014 September 1: Drew a $30000 cheque, cashed it, and gave the

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Velor inc completed the followng petty cash transactions during September and October in 2014 September 1: Drew a $30000 cheque, cashed it, and gave the proceeds and the petty cash box to Jan Taylor, the petfy cashier. Soptember 2 Paid $24.55 for an advertisement in the nowspaper. Seplember 4 Purchased office file folders, $40.85, to be used this month. September 13 - Paid $4305 to mail a contract to a client. September 16 Paxi $2625 courer charges to deliver merchandise to a customer September 26 . Purchased ink for the office photocopier, $33.60, to be used this month. September 27 . Paid $46.55 for 5 tamps September 30 Jan Taylor sorted the potty cash receipts by accounts affected and exchanged them for a cheque to reimburse the fund for expenditures However there was only $82.00 in tash in the fund October 21 Purchased paper for the office copier, $2040, to be used this month. October 21. Paid 54855 for an advertisement in the newspaper October 25 Paid $3830 for stamps: October 31 Jan Taylor sorted the petty cash roceipts by accounts affected and exchanged them for a cheque to reimburse the fund for expenditures. However, there was $19750 in cash in the fund In addition. the size of the petfy cash fund was decreased to $200 o0 Prepore throe joumal entries one to establish the petfy cash fund, the socond to record the reimbursement of the fund at the ond of the first inorth and tho last to fecord the teimbursement of the fund at the end of the second month. Enter an appropriate description when entering the transactions in the journal Datos mast be ontered in the format ddimmm (ie January 15 would be 15/dan)? Prepare three joumal entries one to establish the petty cash fund, the second to record the reimbursement of the fund at the end of the first month, and tho last to record the reimbursement of the fund at the end of the second month. Enter an appropriate description when entering the transactions in the joumal Dates must be entered in the format ddimmm (ie. January 15 would be 15:/an)

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