Question: Answer the last section correctly Submit test View the petty cash tickets. On June 1, Farm Grown Salad Dressings creates a petty cash fund with

Answer the last section correctly

Answer the last section correctly Submit test
Submit test View the petty cash tickets. On June 1, Farm Grown Salad Dressings creates a petty cash fund with an imprest balance of $300. During June, Michael Martell, the fund custodian, signs the following petty cash tickets: On June 30, prior to replenishment, the fund contains these tickets plus cash of $45. The accounts affected by petty cash payments are Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory. Read the requirements. Petty Cash Tickets X Petty Cash Ticket Number Item Amount To replenish the petty cash fund. 101 Supplies 45 Requirement 4. Make the July 1 entry to increase the fund balance to $400. Include an explanation, and briefly 102 Cab fare for executive 25 explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate.) 103 Delivery of package across town 15 Make the entry July 1 to increase the fund balance to $400. 104 Business dinner 80 105 120 Date Merchandise inventory Accounts and Explanation Debit Credit July 1 Petty Cash 100 Cash 100 Print Done To increase the petty cash fund. Briefly describe what the custodian does The custodian writes the check and places I of currency and coin Time Remaining: 00:23:43 Submit test F10 BL delete O @ 07 LAST W# O P Y R Q W F ". . . return G H J K S D F N M B C V Z X 96 command option tion command

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