Help me please P 7-10A (L03)/ Replenishment: Cr. Cash, $149PETTY CASH RECORD AND JOURNAL ENTRIES On May 1, a petty cash fund wasestablished for $150. The following vouchers were issued during May:DateVoucher No.PurposeAmount$ 3.50Postage dueOffice suppliesAuto repair (miscellaneous)Drawing (Joy Adams)Donation (Red Cross)Travel expensesMay 113211.0043.007425.001110.001528.00227Postage stampsPhone call3.50268.5.00306.9 bd Donation (Boy Scouts)20.00REQUIRED1. Prepare the journal entry to establish the petty cash fund.2. Record the vouchers in the petty cash record. Total and rule the petty cashrecord.3. Prepare the journal entry to replenish the petty cash fund. Make theappropriate entry in the petty cash record. 5WP-248 CHAPTER 7e 2020 Cengage May not be scanned, copied or duplicated, or posted to a publicty accessible webprouCHAPTER 7 WP-2471. and 3.GENERAL JOURNALDESCRIPTIONDATEPAGEPOST.REF.DEBITCREDIT11Problem 7-10A (Concluded)2. and 3.PETTY CASH PAYMENTS FOR MONTH OFPAGE-0-CHARIT.POSTAGE CONTRIB.AMOUNT SUPPLIES EXPENSE EXPENSEDISTRIBUTION OF PAYMENTSTRAVEL &ENTER.EXPENSE EXPENSETOTALOFFICEPHONEEXPENSEMISC.DAYDESCRIPTIONNO.ACCOUNTAMOUNT1.12141515

Journal entries are prepared to record the financial and non-financial transactions of the business.

PETTY CASH RECORD AND JOURNAL ENTRIES On May 1, a petty cash fund was established for $150. The following vouchers were issued during May: $149 Date Voucher No. Purpose Amount Postage due Office supplies Auto repair (miscellaneous) Drawing (Joy Adams) Donation (Red Cross) Travel expenses May 1 1 $ 3.50 11.00 3 43.00 4 25.00 11 5 10.00 15 6. 28.00 22 Postage stamps Phone call 3.50 26 8 5.00 30 9. Donation (Boy Scouts) 20.00 REQUIRED 1. Prepare the journal entry to establish the petty cash fund. 2. Record the vouchers in the petty cash record. Total and rule the record. petty cash 3. Prepare the journal entry to replenish the petty cash fund. Make the appropriate entry in the petty cash record.