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You have been asked to handle petty cash. You started with a clean petty cash log with a predetermined threshold of 7 5 % of

You have been asked to handle petty cash.
You started with a clean petty cash log with a predetermined threshold of 75% of the balance fund. The balance in the fund was $150.00. You paid out cash for the following items (add these items to the appropriate section on the Petty Cash Log): April 1, paid Stationery Store $15.12 for a special drawing pen. April 3, paid $9.80 to the post office for stamps. April 3, paid $5.16 to the post office for postage and insurance for a package. April 4, paid City Taxi $10.25 to deliver a package to Airlift Freight office. April 5, paid Staple Stampede Stores $13.76 for three magazines for the reception area. April 8, paid BJ Florist $22.50 for a plant for Mr. Anthonys office. April 8, paid HomeDesigner Stores $7.56 for fertilizer tablets for plants at the office.
April 9, paid Rapid Courier $19.50 to deliver a telegram.
B). Does your petty cash need to be replenished? Give reasons for your answer.

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