Shutterbug Cameras, a camera store, decided to establish a petty cash fund. On February 1 the accountant, Al Rosen, issued Check 1018 for $70 to establish the fund. The following disbursements were made. 

Instructions

1. In your working papers, record the entry to establish the petty cash fund on page 9 of a general journal.

2. Make a list of the paid petty cash vouchers.

3. Classify the petty cash disbursements by account. Calculate the total amount paid out for each account.

4. Prepare a petty cash requisition, signing your name as the petty cashier. On February 28 there was $1.50 in the petty cash box.

5. Record the entry in the general journal (page 11) to replenish the petty cash fund on February 28. Use Check 1191.

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Date Transactions Feb. 1 Purchased memo pads for the office, $2.75, Voucher 101 (Supplies). 3 Prepared Voucher 102 for a newspaper ad, $7.50 (Advertising Expense). 5 Prepared Voucher 103 for the postage on an outgoing package, $1.75 (Miscellaneous Expense). 8 Paid Dandy Delivery Service $5.65, Voucher 104 (Delivery Expense). 10 Prepared Voucher 105 for pens and pencils, $3.75 (Supplies). Paid $2.20 for postage stamps, Voucher 106 (Miscellaneous Expense). 12 15 Paid Dandy Delivery Service $6.75, Voucher 107 (Delivery Expense). 20 Paid the news carrier $4.25 for delivery of the daily newspaper, Voucher 108 (Miscellaneous Expense). 22 25 Bought typing paper for $7.50, Voucher 109 (Supplies). Paid $4.50 to Dandy Delivery Service, Voucher 110 (Delivery Expense). 27 Prepared Voucher 111 for an advertisement, $10 (Advertising Expense). 28 Paid $4.40 for postage stamps, Voucher 112 (Miscellaneous Expense). 28 Prepared Voucher 113 for an advertisement, $7.50 (Advertising Expense).