Connect- cash n internal control

May 1  
Prepared a company check for $350 to establish the petty cash fund.

15  

Prepared a company check to replenish the fund for the following expenditures made since May 1.

 
a.    Paid $109.20 for janitorial services.

 
b.    Paid $89.15 for miscellaneous expenses.

 
c.    Paid postage expenses of $60.90.

 
d.    Paid $80.01 to The County Gazette (the local newspaper) for an advertisement.

 
e.    Counted $26.84 remaining in the petty cash box.

16  

Prepared a company check for $200 to increase the fund to $550.

31  

The petty cashier reports that $365.27 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15.

 
f.     Paid postage expenses of $59.10.

g.    Reimbursed the office manager for business mileage, $47.05.

h.    Paid $48.58 to deliver merchandise to a customer, terms FOB destination.

31  

The company decides that the May 16 increase in the fund was too large. It reduces the fund by $50, leaving a total of $500.