Petty cash fund OBJ. 6 Prepare journal entries for each of the following:

a. Issued a check to establish a petty cash fund of $750.

b. The amount of cash in the petty cash fund is $115. Issued a check to replenish the fund, based on the following summary of petty cash receipts: repair expense, $515 and miscellaneous selling expense, $88. Record any missing funds in the cash short and over account.