Blues Music Center had the following petty cash transactions in March of the current year. March 5 Wrote a \(250 check, cashed it, and gave the proceeds and the petty cashbox to Jen Rouse, the petty cashier.
6 Paid \)12.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Blues uses the perpetual system to account for merchandise inventory.
11 Paid \(10.75 in delivery expense on merchandise sold to a customer, terms FOB destination.
12 Purchased office file folders for \)14.13 that are immediately used.
14 Reimbursed Bob Geldof, the manager, \(11.65 for office supplies purchased and used.
18 Purchased office printer paper for \)20.54 that is immediately used.
27 Paid \(45.10 COD shipping charges on merchandise purchased for resale, terms FOB shipping point.
28 Paid postage expense of \)18.
30 Reimbursed Geldof \(56.80 for mileage expense.
31 Cash of \)61.53 remained in the fund. Sorted the petty cash receipts by accounts affected and
exchanged them for a check to reimburse the fund for expenditures.
31 The petty cash fund amount is increased by \(50 to a total of \)300.
Required
2. Prepare a petty cash payment report for March with these categories: delivery expense, mileage expense, postage expense, merchandise inventory (for transportation-in), and office supplies expense. Sort the payments into the appropriate categories and total the expenses in each category.
