Question: Recording Petty Cash Transactions Sunshine Health established a $100 petty cash fund on January 1. From January 2 through 10, payments were made from the fund, as listed below. On January 12, the fund had only $10 remaining; a check was written to replenish the fund.
a. January 2-Paid cash to courier for deliveries to customers-$23.
b. January 7-Paid cash for taxi fares-$50.
c. January 10-Paid cash for postage-$13.
Required: 1. Prepare the journal entry, if any, required on January 1.
2. Prepare the journal entries, if any, required on January 2 through 10.
3. Prepare the journal entries, if any, required on January 12.