A special cash fund to pay relatively small amounts.

Petty Cash Fund

Journalize the necessary entries for each of the following:

a$.$ Issued a check to establish a petty cash fund of $$850.$ If an amount box does not require an entry, leave it blank.

b$.$ The amount of cash in the petty cash fund is $$290.$ Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $$329$

and miscellaneous selling expense, $$207.$ Record any missing funds in the cash short and over account. If an amount box does not require an entry, leave it blank.