Cashed check no. 956 for $125.00 to establish petty cash fund and put the $125.00 in a locked drawer in the office. Feb 1 2 Bought postage stamps $7.80, voucher #1 (Miscellaneous Expense) 6 Bought permanent marker $3.75, voucher #2 (Office Supplies) 10 Delivery of flowers from IWFL Delivery Service, voucher #3, $11.25. 12 K. Phone withdrew $25.00 for personal use, voucher #4. 14 R. Gore withdrew for personal use $20.00, voucher #5 22 Bought copy paper for company $7.80, voucher #6 (Office Supplies) 24 Bought Post Its $3.45, voucher #7 (Office Supplies)
Cashed check no. 956 for $125.00 to establish petty cash fund and put the $125.00 in a locked drawer in the office. Feb 1 2 Bought postage stamps $7.80, voucher #1 (Miscellaneous Expense) 6 Bought permanent marker $3.75, voucher #2 (Office Supplies) 10 Delivery of flowers from IWFL Delivery Service, voucher #3, $11.25. 12 K. Phone withdrew $25.00 for personal use, voucher #4. 14 R. Gore withdrew for personal use $20.00, voucher #5 22 Bought copy paper for company $7.80, voucher #6 (Office Supplies) 24 Bought Post Its $3.45, voucher #7 (Office Supplies)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Petty Cash Fund
Exercise 2
Chart of Accounts:
Cash
111
Petty Cash Fund
Accounts Payable
R. Gore, Capital
R. Gore, Drawing
K. Phone, Capital
K. Phone, Drawing
112
221
311
312
On February 1 of this year, Volunteer
Clinic established a Petty Cash Fund. The
following petty cash transactions took
place during the month:
313
314
Income from Services
411
Directions:
Office Supplies Expense
Delivery Expense
Miscellaneous Expense
511
Record the disbursements of petty
512
513
1.
cash in the petty cash payments record,
starting with page 6.
Feb
1
Cashed check no. 956 for $125.00 to establish petty cash fund and put the
$125.00 in a locked drawer in the office.
2
Bought postage stamps $7.80, voucher #1 (Miscellaneous Expense)
6
Bought permanent marker $3.75, voucher #2 (Office Supplies)
10
Delivery of flowers from IWFL Delivery Service, voucher #3, $11.25.
12
K. Phone withdrew $25.00 for personal use, voucher #4.
14
R. Gore withdrew for personal use $20.00, voucher #5
22
Bought copy paper for company $7.80, voucher #6 (Office Supplies)
24
Bought Post Its $3.45, voucher #7 (Office Supplies)
26
Issued voucher for delivery to Famous Dave's $12.70, voucher #8
27
Issued voucher for taxi fare $10.41, voucher #9 (Miscellaneous Expense)
28
Issued for cash check no. 989 for $102.16 to reimburse Petty Cash Fund.
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