Prepare journal entries for each of the following: a.  Issued a check to establish a petty cash fund of $500. If an amount box does not require an entry, leave it blank.     fill in the blank 2d5507fe6fa0fa7_2 fill in the blank 2d5507fe6fa0fa7_3     fill in the blank 2d5507fe6fa0fa7_5 fill in the blank 2d5507fe6fa0fa7_6 b.  The amount of cash in the petty cash fund is $85. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $360 and miscellaneous selling expense, $40. Record any missing funds in the cash short and over account. If an amount box does not require an entry, leave it blank

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 14MC: A company has decided to start a petty cash fund for $150. Which of the following is the correct...
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Prepare journal entries for each of the following:

a.  Issued a check to establish a petty cash fund of $500. If an amount box does not require an entry, leave it blank.

    fill in the blank 2d5507fe6fa0fa7_2 fill in the blank 2d5507fe6fa0fa7_3
    fill in the blank 2d5507fe6fa0fa7_5 fill in the blank 2d5507fe6fa0fa7_6

b.  The amount of cash in the petty cash fund is $85. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $360 and miscellaneous selling expense, $40. 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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