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Crane Airline needs to send one of its employees to Nunavut for three weeks to...

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Accounting

Crane Airline needs to send one of its employees to Nunavut for three weeks to perform some repairs on some aircraft it owns. Some of the payments to be made for the supplies needed on the assignment will be paid from a petty cash fund. Crane issued a cheque in the amount of $800.00 to establish the fund. After a few days at the assignment, the employee returned the following receipts along with a report that the fund had $78.15 left in cash.
\table[[Receipt,Amount,Description],[1,$26.25,Taxi ride from airport to job site],[2,43.90,FedEx charges for delivering plane parts],[3,36.40,Long distance telephone charges],[4,73.05,Supplies],[5,342.60,Air freight to ship parts out for overhaul],[6,91.20,Supplies],[7,44.65,Tarp to protect engine from elements],[8,60.00,Grease and oil supplies]]
(a)
Prepare the journal entry to establish the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g.52.75. List debit entry before credit entry.)
Account Titles
Debit
Credit
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