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Fresh foods established a petty cash fund of $100 on January 2. On January 31, the fund contained cash of $9.20 and vouchers for the following cash payments.

Maintenance expense $61.50

Office supplies $12.50

Transportation expense $15.00

The three distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2) reimbursements made to employees, and (3) recognition of expenses and replenishment of the fund. Assume the company uses the alternative approach to petty cash expense recognition and replenishment.

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Required information [The following information applies to the questions displayed below.] Fresh Foods established a petty cash fund of $100 on January 2. On January 31, the fund contained cash of $9.20 and vouchers for the following cash payments. The three distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2) reimbursements made to employees, and (3) recognition of expenses and replenishment of the fund. Assume the company uses the alternative approach to petty cash expense recognition and replenishment. . Record the events in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in he first account field. Round your answers to 2 decimal places.) Journal entry worksheet Required information [The following information applies to the questions displayed below.] Fresh Foods established a petty cash fund of $100 on January 2. On January 31 , the fund contained cash of $9.20 and vouchers for the following cash payments. The three distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2) reimbursements made to employees, and (3) recognition of expenses and replenishment of the fund. Assume the company uses the alternative approach to petty cash expense recognition and replenishment. Required a. Show each of the three events in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or a financing activity (FA), Leave blank to indicate that an account was not affected by the event. Enter any decreases to account balances and cash outflows with a minus sign. Roubd your final answers to 2 decimal places.)

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