Cycle Tech Bicycles decided to establish a petty cash fund. On February 1 the accountant issued Check 3724 for $120 to establish the fund. The following disbursements were made.

Instructions

1. In your working papers, record the entry to establish the petty cash fund in a general journal, page 5.

2. Enter the information about the establishment of the petty cash fund on line 1 of a petty cash register, page 1.

3. Record the petty cash disbursements in the petty cash register.

4. Foot, total, and prove the petty cash register on February 28.

5. Record the petty cash fund replenishment information in the explanation column below the totals. On February 28 there was $4.35 in the petty cash box.

6. Prepare a petty cash requisition form. Use the form provided in your working papers and sign your name as petty cashier.

7. Record the issuance of Check 3875 to replenish the petty cash fund in the general journal, page 8.

 

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Date Transactions Feb. 2 Prepared Voucher 1 for a $9.25 newspaper advertisement (Advertising Expense). 9 5 Prepared Voucher 2 for pens and pencils, $5 (Supplies). Paid $12.50 for flowers for an employee's birthday, Voucher 3 (Miscellaneous Expense). 12 19 Bought cash register tape for $3.95, Voucher 4 (Supplies). Prepared Voucher 5 for $15 to pay National Express for parts delivered (Delivery Expense). 20 Paid $3.90 for postage stamps, Voucher 6 (Miscellaneous Expense). 22 Paid $16 to have the show window cleaned, Voucher 7 (Miscellaneous Expense). 24 Bought an $11 advertisement in the local newspaper, Voucher 8 (Advertising Expense). 25 Bought stationery for $10, Voucher 9 (Supplies). 26 Prepared Voucher 10 to National Express for packages delivered, $8.25 (Delivery Expense). 27 Prepared Voucher 11 incorrectly and voided it. 27 Purchased memo pads for the office for $3, Voucher 12 (Supplies). 28 Paid the news carrier a $4 tip for the daily newspaper delivery, Voucher 13 (Miscellaneous Expense). CONTINUE