AB 116 WEEK 1 PROBLEM 8-2A

AB 116 WEEK 1 Problem 8 2A
Forney Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period.
July 1		Established petty cash fund by writing a check on Scranton Bank for $205.00.
15		Replenished the petty cash fund by writing a check for $200.00. On this date the fund consisted of $5.00 in cash and the following petty cash receipts: freight-out $93.10, postage expense $42.00, entertainment expense $47.20, and miscellaneous expense $16.51.
31		Replenished the petty cash fund by writing a check for $196.50. At this date, the fund consisted of $8.50 in cash and the following petty cash receipts: freight-out $78.00, charitable contributions expense $46.60, postage expense $46.40, and miscellaneous expense $25.50.
Aug. 15		Replenished the petty cash fund by writing a check for $191.00. On this date, the fund consisted of $14.00 in cash and the following petty cash receipts: freight-out $74.60, entertainment expense $42.80, postage expense $31.40, and miscellaneous expense $43.40.
16		Increased the amount of the petty cash fund to $305.00 by writing a check for $100.00.
31		Replenished the petty cash fund by writing a check for $289.00. On this date, the fund consisted of $16.00 in cash and the following petty cash receipts: postage expense $140.20, travel expense $92.50, and freight-out $54.40.