History Bookmarks Profiles Tab SCM notes - Go X C Class Cash Stud x 10,051 #3 20 m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false E XXXXXX Aug. 4 F3 Aug. 12 Supplies Expense Petty Cash D e. On August 25, the custodian filed a claim for reimbursement of petty cash expenditures during the month totaling $237. f. On August 31, Peter issued a check for $237 to the custodian, replenishing the fund for expenditures during the month. Required: 25 Cash Equipment Petty Cash Recording Petty Cash Account Transactions During August, Peter Company engaged in the following transactions involving its petty cash fund: a. On August 1, Peter Company established the petty cash fund by issuing a check for $1,500 to the fund custodian. b. On August 4, the custodian paid $71 out of petty cash for freight charges on new equipment. This amount is properly classified as equipment. c. On August 12, the custodian paid $140 out of petty cash for supplies. Peter expenses supplies purchases as supplies expense. d. On August 22, the custodian paid $26 out of petty cash for express mail services for reports sent to the Environmental Protection Agency. This is considered a miscellaneous expense. (Establish petty cash fund) $ Prepare any journal entries required to record the petty cash account transactions that occurred during the month of August. If no entry is required, select "No entry required". If an amount box does not require an entry, leave it blank. Aug. 1 Petty Cash 4 Aug. 22 Miscellaneous Expense KOMENTATON Check My Work 2 more Check My Work uses remaining. Window Help OOD ODO R F4 X F X X Exam 2 Ismn - C x % 5 C V F5 T X + 11 F12 } 1} K > ? IG

Recording Purchases Reeves Corporation uses the perpetual system to record inventory transactions. Reeves had the following transactions in April: a. On April 1, Reeves purchased merchandise on credit for $21,900 with terms 2/10,n/30. b. On April 2, Reeves purchased merchandise on credit for $23,100 with terms 3/15,n/25. c. On April 9, Reeves paid for the purchase made on April 1. d. On April 25, Reeves paid for the merchandise purchased on April 2