Description

Required: Please complete the following Exercise.

QS $7-5$ Petty cash LO$4$

WilsonArt set up a petty cash fund of $$200$ on March $1,2017.$ On March $17,$ the petty cash box contained $$19$ and the following receipt: $$75$ for printing, $$48$ for taxi fare, and $$55$ for delivery expense. Record the reimbursement of the fund on March $17.$

QS $7-6$ Petty cash LO$4$

Canmore Consulting established a $$100$ Petty cash fund on September $1,2017.$ On the petty cash box contained $$7$ and receipt for the following expenses: $$32$ for entertainment expense $($lunch with a client$),$ $$45$ for computer repair, and $$18$ for delivery expense. Record the reimbursement of the fund on September $23.$