166 The petty cash fund of $200 for Walsh Company appeared as follows on December 31, 2008: Cash $93.60 Petty cash vouchers Freight in $21.40...

Ex. 166The petty cash fund of $200 for Walsh Company appeared as follows on December 31, 2008:Cash $93.60Petty cash vouchersFreight in $21.40Postage 40.00Balloons for a special occasion 18.00Meals 25.00Instructions1. Briefly describe when the petty cash fund should be replenished. Because there is cash on hand, is there a need to replenish the fund at year end on December 31? Explain.2. Prepare in general journal form the entry to replenish the fund.3. On December 31, the office manager gives instructions to increase the petty cash fund by $100. Make the appropriate journal entry.Ex. 169Ogleby Boat Company's bank statement for the month of September showed a balance per bank of $7,000. The company's Cash account in the general ledger had a balance of $5,459 at September 30. Other information is as follows:(1) Cash receipts for September 30 recorded on the company's books were $5,700 but this amount does not appear on the bank statement.(2) The bank statement shows a debit memorandum for $40 for check printing charges.(3) Check No. 119 payable to Lann Company was recorded in the cash payments journal and cleared the bank for $248. A review of the accounts payable subsidiary ledger shows a $36 credit balance in the account of Lann Company and that the payment to them should have been for $284.(4) The total amount of checks still outstanding at September 30 amounted to $6,000.(5) Check No. 138 was correctly written and paid by the bank for $409. The cash payment journal reflects an entry for Check No. 138 as a debit to Accounts Payable and a credit to Cash in Bank for $490.(6) The bank returned an NSF check from a customer for $360.(7) The bank included a credit memorandum for $1,560 which represents collection of a customer's note by the bank for the company; principal amount of the note was $1,500 and interest was $60. Interest has not been accrued.Instructions(a) Prepare a bank reconciliation for Ogleby Boat Company at September 30.(b) Prepare any adjusting entries necessary as a result of the bank reconciliation.