Question: Please respond with the correct answer Required information Problem 6-24A (Algo) Petty cash fund LO 6.4 [The following information applies to the questions displayed beiow]

Please respond with the correct answer
Please respond with the correct answer Required information Problem 6-24A (Algo) Petty
cash fund LO 6.4 [The following information applies to the questions displayed
beiow] Austin Company established a petty cash fund by issuing a check

Required information Problem 6-24A (Algo) Petty cash fund LO 6.4 [The following information applies to the questions displayed beiow] Austin Company established a petty cash fund by issuing a check for $286 and appointing Steve Mack as petty cash custodian. Mack had vouchers for the following petty cash payments during the month. There was $20 of currency in the petty cash box at the time it was replenished. The four distinct accounting events affecting the petty cash fund for the period were (D) establishment of the fund, (2) The four distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2) reimbursements made to employees, (3) recognition of expenses, and (4) replenishment of the fund. Assume the company uses a traditional approach to petty cash expense recognition and replenishment. Problem 6-24A (Algo) Part d d. Show the effects of the events in Requirement (a) on the financial statements using a horizontal statements moded (in the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or finaneing - Show the effects of the events in Requirement (a) on the financial statements using a horizontal statements model. In the tatement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing ctivity (FA). Leave blank to indicate that an account was not affected by the event. Enter any decreases to account balances and ash outflows with a minus sign.) roblem 6-24A (Algo) Part d Show the effects of the events in Requirement (a) on the financial statements using a horizontal statements model. (in the atement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing tivity (FA). Leave blank to indicate that an account was not affected by the event. Enter any decreases to account balances and ish outflows with a minus sign.)

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