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Turner Excawation maintains a checkng account and has decided to open a petty cash fund. The following petly cash fund transattions occurred durng .kfr July 2 Established a petty cash fund by issuing Check No. 301 for $100. 5. Paid 525 from the petty cash fund for postage. Voucher No. 1 . 7 Paid $30 from the petty cash fund for delvery of flowers (Miscellanous Expense) Voucher No. 2 8 Paid $20 from the petty cash fund to repair a tre on the company truck. Voucher No. 3 12. Paid $22 from the petty cash fund for a newspaper advertisement. Voucher No: 4. 13 Issued Check No 303 to replenish the petty cash fund. (Total and rule the petty cashi payments recoed Record the balance and the amount needed to replenish the tund in the Description celum of the petly cash payments record.) 20 Paid $28 from the petty cash fund to reimburse an employee for expenses incurred to repar the company truck. Voucher No. 5 24. Paid 512.50 from the petty cash fund for phone cals made from a phone booth Vouchor No 6. 28 Paid $25 from the peify cash fund as a contribution to the YMCA Voucher No. 7 . 31. Iswued Check No. 300 to replenish the petty cash fund (Total and rube the perly cash payments iecord Record the balance and the arsount. needed to replenish the fund in the Description coluen of the petty cash payments record) The followny additional transactions occurred during duly July 5 Issued Check No. 302 to pay office rent, $650. 15. Lsued Check No: 304 for office equpment, 3525. 17 Issued Check No 305 for the purchase of supolies. $133 14. Issued Check No. 306 to pary attorney tees, 51,000 30. Issued Check No. 307 to pay newspaper for an advertisement, $20020 1. Feccord the potry cash transactions in d petty cash payments fecord 2. Mfake ag required general joumal enthes for the cash transactions. Mote. The penfy cash fand was eshablated and repenshed thiee danng Diny 3. The bank staterment beiow was received in the atal Depasits were made on J uly 6 for $3,500 and on J uly 29 for $2,350. The book balance on fuly 31 is 34.331.55 Notice the discrepancy in Check No, 302 that cleared the bank for 3655 . This cheick was whiten oo July 5 for rent experise, but was incorrectif entered on the check stub and ar the joutnal as 3650 Prepare a bask reconentabon and make any necessay focvinglentres ats of july.31. STATEMENT Merchant's National Bank TURNER EXCAVATION 220 MAIN STREET OAKHURST N 07765:1461 Acocourt Number 1622475 Page Number Starment Dive July 31, 20- Statemett antuctions. CHART OF ACCOUNTS Turner Excavation General Ledger ASSETS REVENUE 101 Cash 401 : Sales 105 Petty Cash 122. Accounts feceivable EXPENSES 122.1 Allowance for Doubtul Accounts 511 Wages Expense 141 Supplies 512 Advertising Expense 145 Prepais insurance 515 Truck Expense 181 Ollice Equipment 521 Rent Expense 181. Accumulated Deprecation-Oefice Equoment 623 Supples Expense 525 Phone Expense LIABILITIES 532. Bad Debt Expense 202 Accounts Payable 534 Charitable Contributions Expense 219 Wages Payable 535 insurance Expense 5.36 Postage Expense EQUITY 541. Depreciation Expense:Oflice Equipment 311 Turner, Capital 545 Legal Expense 312. Tumer, Drawng 540 Miscelaneous Expense Labels and Amount Descriptions Labels Add Deduct Outstanding checks Amount Descriptions Bank service charge Deposit in transit Error on Check No. 302 Flowers Newspaper advertisement No. 306 No. 307 No. 308 Phone call Postage Received in fund Truck repair YMCA contribution mode Lheck Ny Wonk user remanmm? Pewy Cash Payments for the Month of July 20- Voocher Number 5200n00$3000 GENERAL JOURNAL 3. Record any necessary joumal entries from the bank reconcilation as of July 31 3. Record any necessary joumal entries from the bank reconciliation as of July 31 . Tumer Excavation Bank Reconciliation July 31,20 - 1 Bank statement balance, July 31 2 (tabel) 3 4 3 (Label) 6. (Label) 7. 8 9 10 Adjusted bank balance 11 12 Book balance,luly 31 13 (labiel) 14 15 16. Adjusted book balance

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