Capital Irrigation has only a General Journal in its accounting system and use it to record all transactions. However, t

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Capital Irrigation Has Only A General Journal In Its Accounting System And Use It To Record All Transactions However T 1 (44.75 KiB) Viewed 41 times

Capital Irrigation has only a General Journal in its accounting system and use it to record all transactions. However, the company recently set up a petty cash fund to facilitate payments of small items. The following petty cash transactions were noted by the petty, cashier as occurring during April 2020 Apr. 1 Received a company cheque for $260 to establish the petty cash fund. 15 Received a company cheque to replenish the fund for the following expenditures made since April 1 and to increase the to $340. a. Paid $69 for janitorial service. b. Purchased office supplies for $68. c. Purchased postage stamps for $22. d. Paid $83 to The County Crier for an advertisement in the newspaper e. Discovered that $21 remained in the petty cash box, 30 The petty cashier noted that $203 remained in the fund and decided that the April 15 increase in the fund was too lar Therefore, a company cheque was issued to replenish the fund for the following expenditures made since April 15 and reduce the fund to $300. f. Purchased office supplies for $82. g. Reimbursed office manager for business auto, $40. h. Paid $15 courier charges to deliver merchandise to a customer. -epare journal entries to record the establishment of the fund on April 1 and its replenishments on April 15 and April 30 View transaction list