Answer full question. Transcribed Image Text: prk 2 Saved Required information [The following information applies to the questions displayed below.] Fresh Foods established a petty cash fund of $325 on

Answer full question. Transcribed Image Text: prk 2
Saved

Required information
[The following information applies to the questions displayed below.]
Fresh Foods established a petty cash fund of $325 on January 2. On January 31, the fund contained cash of $144.25 and
vouchers for the following cash payments:
Maintenance expense
Office supplies
Transportation expense
$71.00
81.40
26.75
The three distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2)
reimbursements made to employees, and (3) recognition of expenses and replenishment of the fund. Transcribed Image Text: Transportation expense
26.75
The three distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2)
reimbursements made to employees, and (3) recognition of expenses and replenishment of the fund.
Required
a. Show each of the three events in a horizontal statements model like the following one. (In the Cash Flow column, indicate whether
the item is an operating activity (OA), investing activity (IA), or a financing activity (FA). Use NA to indicate that an account was not
affected by the event. Enter any decreases to account balances with a minus sign. Round your final answers to 2 decimal places.)
FRESH FOODS
Statements Model
Stockholders’
Assets
Revenue
Expense
Net Income
Equity
Cash Flow
Retained
No
Cash
+ Petty Cash
Earnings
1.
2.
3.

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