Payton Inc. established a petty cash fund of $150 on January 2. On January 31, the fund contained cash of $8.20 and vouchers for the following cash payments:

The four distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2) reimbursements made to employees, (3) recognition of expenses , and (4) replenishment of the fund.

Required
Show each of the four events in a horizontal statements model like the following one. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or a financing activity (FA). Use NA to indicate that an account was not affected by the event.

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$76.30 Postage and office supplies Entertainment expense Maintenance expense 36.50 25.00 Balance Sheet Income Statement Statement of Cash Assets = Llab. + Equlty Flows Cash + Petty Cash Exp. = Net Inc. Rev.