Assignment 2- pg 19

TR R AT T T R RAT TR S R T e Journalize the entries to record the following: a. Check is issued to establish a petty cash fund of $900. b. The amount of cash in the petty cash fund is now $333. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $329; miscellaneous selling expense, $136; miscellaneous administrative expense, $85. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $900, record the discrepancy in the cash short and over account.) a. Journalize the entry to establish the petty cash fund. Petty Cash v v v Cash v v v b. Journalize the entry to replenish the petty cash fund. For a compound transaction, if an amount box does not require an entry, leave it blank. Office Supplies v v v [: v Miscellaneous Selling Expense v v v :] v Miscellaneous Administrative Expense v v v :] v Cash Short and Over v v v [: v Cash <~ Vv [:] v v