Business, 17.02.2021 05:30 kingdrex4772

Matt's Machine Shop manufactures high precision parts for military aircraft. All expenditures are generally paid using the cash disbursements system; however, Matt has decided to set up a petty cash fund of $200 for incidental expenses. a.) June 1 Obtain $200 trom the bank to set up petty cash fund.
b) June 5 Used 550 from petty cash to pay FedEx for an urgent outgoing package.
c.) June 7 Used $120 from petty cash for food delivered to provide dinner for employees working late to complete an important job.
d.) June 15 Replenish petty cash fund. There was $20 remaining in the petty cash box
e) June 25 Used Petty cash to pay $70 to FedEx for another urgent outgoing package Used $78 trompetty cash to purchase repair parts from Home Depot.
1) June 30 Replenish petty cash fund. There was 530 remaining in the petty cash box
9) July 1 Matt has decided to increase the amount in Petty cash from $200 to $300, therefore, $100 was obtained from the bank and placed in the petty cash box.

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Matt's Machine Shop manufactures high precision parts for military aircraft. All expenditures are ge...

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