Chapter 6 Homework (Grade) Check my work 9 Exercise 6-15A Determining the amount of petty cash expense LO 6-4 1112 Consider the following events: 1. A petty cash fund of $200 was established on April 1, Year 1 2. Employees were reimbursed when they presented petty cash vouchers to the petty cash custodian 3. On April 30, Yeart the petty cash fund contained vouchers totaling $174.60 plus $26.10 of currency Required Answer the following questions: a. How did the establishment of the petty cash fund affect increase, decrease, or have no effect on total assets? Increase Decrease No effect b. What is the amount of total petty cash expenses to be recognized during April? (Round your answer to 2 decimal places.) Net charge to expense Help Chapter 6 Homework (Graded) Check my work 9 Required Answer the following questions: How did the establishment of the petty cash fund affect increase, decrease, or have no effect on total assets? Increase Decrease No effect b. What is the amount of total petty cash expenses to be recognized during April? (Round your answer to 2 decimal places.) c. When are petty cash expenses recognized at the time of establishment, reimbursement or replenishment)? Establishment Reimbursement Replenishment