MONTH June DATE AMOUNT ($) 200 $ $ 350 33,600 30,000 36,000 65 4,200 25,000 85 1,000 320 1,000 1,400 85 150 285 1,000 16,500 2,500 PARTICULARS 1 Drew cheque no. 119 to establish Petty Cash Advance 1 Paid insurance on equipment by cheque no. 120 2 Purchased 120 of Conventional at $280 each from Air King. Invoice no. 60110 5 Received payment from customer, Orange Ltd, for $30000. Receipt No.602 8 Sold 80 Conventional at $450 each to Berry Ltd on credit $ $ 9 Paid for cardboard boxes from petty cash. Voucher No. 2 $ 10 Sold 6 Refrigerator at $700 each to Cherry Ltd for cash. Receipt No. 603 $ 11 Paid the outstanding debt in full to Air King. Cheque No. 121 $ 13 Paid $85 for advertising brochures from petty cash. Voucher No. 3 $ 15 Paid wages expense. Cheque No. 122 $ 18 Paid electricity expense. Cheque No. 123 $ 20 Drawing by owner of $1000. Cheque No. 124 $ 21 Returned 5 defective Refrigerators purchased on 2 June 2014 to Air King $ 23 Paid $85 for air conditioning gas. Cheque No. 125 $ 26 Reimbursed petty cash. Cheque No. 126 $ 27 Paid telephone expense. Cheque No. 127 $ 28 Paid wages expense. Cheque No. 128 $ 29 Received full payment from customer, Apple Ltd. 2% discount for early payment ap $ 29 Paid rent in advance for July 2021. Cheque No. 129 $ 69 69 69 69 $ EA EA EA LA LA LA EA EA EA EA

An invoice is generated in the cash receipts process.sales order creation process.shipping process.picking process.billing process.

Transactions involved in the purchases and cash disbursements cycle include: A Debit inventory, credit cash B Debit inventory, credit accounts payable C Debit accounts payable, credit cash D All of these

What is cash disbursement journal? Why it is useful to auditor in cash audit?