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bunu asks you how Problem 7-3A Petto Capital Irrigation has only a gen However, the company recent petty cash transactions we ty cash fund reimbursement and analysis of errors LO4 has only a general journal in its accounting system and uses it to record all transactions. mpany recently set up a petty cash fund to facilitate payments of small items. The following ctions were noted by the petty cashier as occurring during April 2020: Received a company cheque for $300 to establish the petty cash fund. Received a company cheque to replenish the fund for the following expenditures made since April 1 and to increase the fund to $400. a. Pald $82 for janitorial service. b. Purchased office supplies for $78.15. C. Purchased postage stamps for $25.00 d. Paid $92.50 to The County Crier for an advertisement in the newspaper. e. Discovered that $24.35 remained in the petty cash box. The petty cashier noted that $244.95 remained in the fund and decided that the April 15 increase in the fund was too large. Therefore, a company cheque was issued to replenish the fund for the following expenditures made since April 15 and to reduce the fund to $350. 1. Purchased office supplies for $94.65. 9. Reimbursed office manager for business auto, $45.60. h. Paid $14.80 courier charges to deliver merchandise to a customer. 30 Required Prepare journal on April 15 and April 30. Prepare journal entries to record the establishment of the fund on April 1 and its replenishments Osts Component: Explain how the company's financial statements would financial statements would be affected if the petty cash o replenished and no entry were made on April 30. (Hint: The amount of office supplies that "ppears on a balance sheet is determined by a pr Analysis Component: Expl land were not repleni per is determined by a physical count of the supplies on hand)