Cornerstone Exercise 4-24 Petty Cash with Change in Fund Balance Basque Inc. maintains a petty cash fund with a balance of $800. On December 31, Basque's petty cash account has a balance of $60. Basque replenishes the petty cash account, as it does at the end of every month, but also decides to increase the fund balance to $1,000. Basque classifies all petty cash transactions as miscellaneous expense. Required: What entry is made to record this activity? If an amount box does not require an entry, leave it blank. Dec. 31 (Replenish and increase the petty cash fund)