Question: Complete the following problems on an excel spreadsheet. Number your problems on a different tab. PAL. On September 1, French company has decided to initiate
Complete the following problems on an excel spreadsheet. Number your problems on a different tab. PAL. On September 1, French company has decided to initiate a petty cash fund in the amount of $800. Prepare journal entries for the following transactions: A. On September 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $37, Supplies $124. Postage Expense $270, Repairs and Maintenance Expense $168, Miscellaneous Expense $149. The cash on hand at this time was $48 B. On September 14, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $18, Supplies S175, Postage Expense $50, Repairs and Maintenance Expense $269, Miscellaneous Expense $59. The cash on hand at this time was $210. C. On September 23, the petty cash fund needed replenishment and the following are the receipts: Auto Expense S251, Supplies $88, Postage Expense $63, Repairs and Maintenance Expense $182. Miscellaneous Expense S203. The cash on hand at this time was $20 D. On September 29, the company determined that the petty cash fund needed to be increased to $1,000 E On September 30, the petty cash fund needed replenishment as it was month end. The following are the receipts: Auto Expense S18, Supplies SIS, Postage Expense $57, Repairs and Maintenance Expense $49. Miscellaneous Expense S29. The cash on hand at this time was $837
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