Petty cash fund Journalize each of the following petty cash transactions: a. Issued a check to establish a petty cash fund of $600. If an amount box does not require an entry, leave it blank. b. The amount of cash in the petty cash fund is $200. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $236, and miscellaneous selling expense, $148. Record any missing funds in the cash short and over account. If an amount box does not require an entry, leave it blank.

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
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Petty cash fund
Journalize each of the following petty cash transactions:
a. Issued a check to establish a petty cash fund of $600. If an amount box does not require an entry, leave it blank.
b. The amount of cash in the petty cash fund is $200. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $236,
and miscellaneous selling expense, $148. Record any missing funds in the cash short and over account. If an amount box does not require an entry, leave it blank.
Transcribed Image Text:Petty cash fund Journalize each of the following petty cash transactions: a. Issued a check to establish a petty cash fund of $600. If an amount box does not require an entry, leave it blank. b. The amount of cash in the petty cash fund is $200. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $236, and miscellaneous selling expense, $148. Record any missing funds in the cash short and over account. If an amount box does not require an entry, leave it blank.
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