PROBLEM 1-9

REQUIREMENT 1

DECEMBER 1. PETTY CASH FUND 10,000

CASH IN BANK 10,000

DECEMBER 20. DISTRIBUTION COST 5,000

MISCELLANEOUS EXPENSES 2,000
EQUIPMENT 2,000
CASH IN BANK 9,000
DECEMBER 31 RECEIVABLE FROM EMPLOYEE 2,000
DISTRIBUTION COST 1,500
TRANSPORTATION 500
PETTY CASH FUND 4,200
2022

JAN.15 NO ENTRY

JANUARY 31 DISTRIBUTION COST 2,000

ADMINISTRATIVE EXPENSE 2,000
TRANSPORTATION 1,500
PURCHASES 1,500
CASH IN BANK 1,200

REQUIREMENT 2
PETTY CASH FUND 10,000
LESS:PETTY CASH FROM DECEMBER 21,2019 TO JANUARY 31,2020
DISTRIBUTION COST (1,500+500) 2,000
ADMINISTRATIVE 2,000
TRANSPORTATION (500+1,000) 1,500
PURCHASES 1,200 6,700
PETTY CASH BEFORE REPLENISHMENT 3,300

MULTIPLE CHOICE

11. C
13. B
15. C
17. A,A
18. C
19. C
20. B