Numbers File Edit Insert < > View + 49% Zoom Petty Cash Table Organize Format Arrange View Share Window Help chegg.com 7 + A Add Category Insert Table Chart Text Shape Media Petty Cash El Greco Art Gallery had the following petty cash transactions in April of the current year. April 3 Wrote a $350 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. Purchased bond paper for the copier for $15.75 that is immediately used. 7 11 Paid $40.50 COD shipping charges 13 15 Paid $7.15 postage to express mail a contract to a client. Reimbursed Adina Sharon, the manager, $73 for business mileage on her car. 21 24 27 Purchased stationery for $68.77 that is immediately used. Paid a courier $21 to deliver merchandise sold to a customer, terms FOB destination. Paid $11.60 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. 29 Paid $56 for postage expenses. 29 30 The fund had $23.87 remaining in the petty cash box. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures. The petty cash fund amount is increased by $90 to a total of $440. Required: 1. Prepare the journal entry to establish the petty cash fund. Date Accounts Debit Credit 2. Prepare a petty cash payments report for April with these categories: delivery expense, mileage expense, postage expense, merchandise inventory (for transportation-in), and office supplies expense. Sort the payments into the appropriate categories and total the expenditures in each category. Petty Cash Expense Summary Date Category Date Delivery Expense 24-Apr Mileage Postage Expense Mdse Inventory Transp in Office Supplies Expense Total Reimbursement Charge Total Charge Total 3. Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. No 1 2 Date General Journal Debit Credit 84 OCT 6 11