february 2 wrote a $400 check to establish a petty cash fund. february 5 purchased paper for the copier for $14.15 that is immediately used. february 9 paid $32.50 shipping charges (transportation-in) on merchandise purchased for resale, terms fob shipping point. these costs are added to merchandise inventory. february 12 paid $7.95 postage to deliver a contract to a client. february 14 reimbursed adina sharon, the manager, $68 for mileage on her car. february 20 purchased office paper for $67.77 that is immediately used. february 23 paid a courier $20 to deliver merchandise sold to a customer, terms fob destination. february 25 paid $13.10 shipping charges (transportation-in) on merchandise purchased for resale, terms fob shipping point. these costs are added to merchandise inventory. february 27 paid $54 for postage expenses. february 28 the fund had $120.42 remaining in the petty cashbox. sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures. february 28 the petty cash fund amount is increased by $100 to a total of $500.
