Chapter 101 Cash and Internal Controls AP-15A LO4 On January 1, 2019, Hit Design set up a petty cash fund for $250. At the end of the first week, the petty cash fund contained the following items. Cash on hand Receipt for the purchase of office supplies Receipt for delivery charges Receipt for the purchase of stamps. $50 40 10 R 20 Receipt for travel to a client meeting 50 Receipt for the payment of newspaper advertising 75 Required a) Calculate any cash overage or shortage. b) Prepare the journal entries for setting up and replenishing the petty cash fund. Date Account Title and Explanation Debit Credit