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1.Prepare the journal entry to establish the petty cash fund. 2.Prepare a petty cash payments report for April with these categories: delivery expense, ­mileage expense, postage expense, merchandise inventory (for transportation-in), and office ­supplies expense. 3.Prepare the journal entries for part 2 to both (a) reimburse and (b) increase the fund amount. Stanley Marks had the following petty cash transactions in April of the current year. Apr 2 Write a $300 check to establish a petty cash fund. Apr 4 Purchased paper and other supplies for the office for $48.20 that is immediately used. Apr 10 Paid $35.20 for coffee and muffins for a weekly meeting with the staff. Apr 12 Paid $20.15 postage to courier a special order to a customer. Apr 14 Reimbursed Susan Snow, the manager, $60 for travel expenses for her trip to see visit customers. Apr 28 Paid the cleaning staff $100 for the month. Apr 30 The fund had $36.45 remaining in the petty cashbox. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures. Apr 30 The petty cash fund amount is increased by $100 to a total of $400.

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