Question 2 (5 points) The following documentation was found in Spector Enterprises's petty cash box,...
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Question 2 (5 points) The following documentation was found in Spector Enterprises's petty cash box, for the month of March: office use Amount S 18.62 $ 31.12 61.70 $ 21.86 24.94 14.34 March item Purpose 2 paper clips 6cleaning supplies office cleaning 8 Coupons promotion $ 9 Snow shovel snow clearing 21 Flyers advertise weekly specials S 24 City of Moose Jaw parking $ General Ledger expense accounts are as follows: Automobile Expense Advertising Expense Office Supplies Expense Maintenance Expense The opening balance of the petty cash fund was $200 and the amount of cash remaining at the end of the month is $7.21. The company wants to reduce the petty cash fund to $150 REQUIRED: Prepare a Petty Cash Report in good form, for the month of March and calculate the amount of cash replenishment needed to restore the Petty Cash Fund to the desired level
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