(Solved): Question 3 (1.5 points) Petty cash fundi Movingone Company established a petty cash fund on May 1, ...

Question 3 (1.5 points) Petty cash fundi Movingone Company established a petty cash fund on May 1, 2022 by cashing a check for $100. The company reimbursed the fund on June 1, July 1, and July 2 with the following results. June 1: Cash in fund $5. Receipts: delivery expense $20, postage expense $46, and miscellaneous expense $26. July 1: Cash in fund $10. Receipts: delivery expense $21, entertainment expense $53, and miscellaneous expense $18. July 2: Increase petty cash fund to be $150 by cashing a check for $50 Prepare journal entries for Movingone Company on May 1, June 1, July 1, and July 2 Question 4 (1.5 points) Prepare a bank reconciliation and adjusting entries at July 31 for Crane Video Company. a. Cash balance per bank, July 31, $7,263. b. July bank service charge not recorded by the depositor $28. c. Cash balance per books, July 31, $7,284. d. Deposits in transit, July 31, $1,300. e. Bank collected $700 note for Crane in July, plus interest $36, less fee $20. The collection has not been recorded by Crane, and no interest has been accrued. f. Outstanding checks, July 31, $591. Question 5 (2 points) Classify each item as an operating, investing, financing activity, or non-cash (1) Purchase of vehicle for $5,100 cash (5) Paid $6,000 for employees' salaries (2) Depreciation expense of the month is $500 (3) Sale merchandise to customers for $4,000 cash (6) Paid $5,000 for the government for business income tax (7) Issuance of ordinary share for $50,000 cash (4) Payment of cash dividends for $2,000 (8) Prepaid insurance expired for $500 per month