1. 9-4 Application Problem P. 278

Debit Accounts Payable: 1,500 Credit Cash: 1,470 Credit Purchases Discounts: 30

At the end of the month (Sep. 30), you must "top up" the petty cash fund. This involves: 1. 9-4 Application Problem P. 278

Total time = Time taken to cover the distance + Time taken for stops = 6 hours + 2 hours = 8 hours Debit Accounts Payable: 1,500 Credit Cash: 1,470 Credit