-12 Question 6 of 11 View Policies Current Attempt in Progress Ivanhoe Company maintains a...

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-12 Question 6 of 11 View Policies Current Attempt in Progress Ivanhoe Company maintains a petty cash fund for small expenditures. The following transactions occurred over a two-month period: Feb. 1 Established petty cash fund by writing a cheque on Algonquin Bank for $200.00. Feb. 15 Replenished the petty cash fund by writing a cheque for $195.00. On this date the fund consisted of $5.00 in cash and the following petty cash receipts: Freight out $81.00 Postage expense 72.00 Entertainment expense 36.70 Feb. 28 Replenished the petty cash fund by writing a cheque for $152.00. At this date, the fund consisted of $48.00 in cash and the following petty cash receipts: Freight out $42.10 Entertainment expense 25.00 Repairs expense 42.00 Supplies 45.00 Mar. 15 Replenished the petty cash fund by writing a cheque for $187.00. On this date, the fund consisted of $13.00 in cash and the following petty cash receipts: Freight out $37.50 Question 6 of 11 -12 Mar. 15 Replenished the petty cash fund by writing a cheque for $187.00. On this date, the fund consisted of $13.00 in cash and the following petty cash receipts: Freight out $37.50 Entertainment expense 53.30 Postage expense 33.35 Supplies 67.00 Mar. 16 Mar. 31 Increased the amount of the petty cash fund to $250.00 by writing a cheque for $50.00. Replenished the petty cash fund by writing a cheque for $234.00. On this date, the fund consisted of $16.00 in cash and the following petty cash receipts: Postage expense $40.00 Travel expense 75.90 Freight out 47.10 Entertainment expense 68.40 (a) Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.)

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