159. A company established a petty cash fund of $100 on September 1. On September 10, the petty cash fund was replenished when there was $16 remaining and there were petty cash receipts for: office supplies, $27; courier, $32; and postage, $22. On September 15, the petty cash fund was increased to $125 in total. Record the above transactions in general journal form.
160. A petty cash fund was originally established with a check for $150. In the petty cash fund on December 31 (the period-end), you find the following:
Petty cash receipts
|
Postage
|
$43.50
|
|
Office supplies
|
51.85
|
|
Office equipment repair
|
49.00
|
Cash
|
4.25
|
|
|
|
Prepare the general journal entry to record the replenishment of the petty cash fund on December 31.
161. A company established a $400 petty cash fund by issuing a check to the custodian on October 1. On October 15, the petty cash fund was replenished and increased to $1,000 in total. The contents of the petty cash fund at the time of the October 15 replenishment were:
Currency and coins
|
|
$ 12
|
Petty cash receipts for:
|
|
|
Transportation-in for inventory
|
$ 39
|
|
Delivery expense
|
138
|
|
Repairs to office equipment
|
47
|
|
Postage
|
114
|
|
Entertainment of customers
|
53
|
391
|
Total
|
|
$ 403
|
Prepare the general journal entry to record both the reimbursement and the increase of the petty cash fund on October 15.
162. On November 1, a company established a $90 petty cash fund. On November 12, the petty cash fund contains $3 in cash and the following paid petty cash receipts: transportation-in on merchandise inventory $14.25; postage, $34.50; and office supplies, $36. Give the entry to reimburse the fund and to increase its amount to $150 on November 12.
163. A company established a petty cash fund in February of the current year and experienced the following transactions affecting the fund during February:
Feb.
|
1
|
Established a $250 petty cash fund.
|
|
5
|
Paid $55 to acquire office supplies.
|
|
8
|
Reimbursed the company controller for $30 spent on beverages for recruits.
|
|
18
|
Paid $45 for postage.
|
|
20
|
Paid $65 for C.O.D. charges on merchandise inventory.
|
|
25
|
Paid $50 for janitorial services.
|
|
28
|
When sorting the petty cash receipts to replenish the fund, the custodian noted that there was $245 in receipts and $10 cash remaining. Also, a decision was made to reduce the fund to $200 in total.
|
Prepare the journal entry to reimburse the fund and to reduce its amount on February 28.