Question: Only Problem number 3 please Chapters Mastery Problem Turner Excavation maintains a checking account and has decided to open a petty cash fund. The following

Only Problem number 3 please

Only Problem number 3 please Chapters Mastery Problem Turner Excavation maintains achecking account and has decided to open a petty cash fund. The

Chapters Mastery Problem Turner Excavation maintains a checking account and has decided to open a petty cash fund. The following petty cash fund transactions occurred during July: July Established a petty cash fund by issuing Check No. 301 for $100. 2 Paid $25 from the petty cash fund for postage. Voucher No. 1. 5 Paid $30 from the petty cash fund for delivery of flowers (Miscellaneous Expense). Voucher No. 2. Paid $20 from the petty cash fund to repair a tire on the company truck. Voucher No. 3. Paid $22 from the petty cash fund for a newspaper advertisement. Voucher No. 4 Issued Check No. 303 to replenish the petty cash fund. (Total and rule the petty cash payments record. Record the balance and the amount needed to replenish the fund in the Description column of the petty cash payments record) Paid $26 from the petty cash fund to reimburse an employee for expenses incurred to repair the company truck. Voucher No. 5 Paid $12.50 from the petty cash fund for phone calls made from a phone booth. Voucher No. 6 Paid $25 from the petty cash fund as a contribution to the YMCA. Voucher No. 7 Issued Check No. 308 to replenish the petty cash fund. (Total and rule the petty cash payments record. Record the balance and the amount needed to replenish the fund in the Description column of the petty cash payments record.) The following additional transactions occurred during July: Issued Check No. 302 to pay office rent, $650. Issued Check No. 304 for office equipment, $525 7 8 12 13 20 24 28 31 July 5 15

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