Joseph Kiuvik is reviewing the cash-related accounting for Sarasota Corp., a local mailing service. Joseph's...
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Joseph Kiuvik is reviewing the cashrelated accounting for Sarasota Corp., a local mailing service. Joseph's review will focus on the petty cash account and the bank reconciliation for the month ended May Joseph has collected the following information from Sarasota's bookkeeper: The petty cash fund was established on May in the amount of $ Expenditures from the fund as at May were supported by approved receipts for the following: Postage expense Envelopes and other supplies Inhouse business lunch provided to customers Donation to local charity Office Expense Shipping charges, for goods to customers Newspaper advertising Taxi for sales manager to attend meeting downtown Miscellaneous Expense Freight paid on incoming purchases $ On May the petty cash fund was replenished and increased to $; currency and coin in the fund at that time totalled $ Sarasota's bookkeeper also provided the following summary bank statement and general ledger information:
Joseph Kiuvik is reviewing the cashrelated accounting for Sarasota Corp., a local mailing service. Joseph's review will focus on the petty cash account and the bank reconciliation for the month ended May
Joseph has collected the following information from Sarasota's bookkeeper:
The petty cash fund was established on May in the amount of $
Expenditures from the fund as at May were supported by approved receipts for the following:
Postage expense
Envelopes and other supplies
Inhouse business lunch provided to customers
Donation to local charity Office Expense
Shipping charges, for goods to customers
Newspaper advertising
Taxi for sales manager to attend meeting downtown Miscellaneous Expense
Freight paid on incoming purchases
$
On May the petty cash fund was replenished and increased to $; currency and coin in the fund at that time totalled $
Sarasota's bookkeeper also provided the following summary bank statement and general ledger information:
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