During October, Eastern Light Company experiences the following transactions in establishing a petty cash fund. Oct. 1 A petty cash fund is established with a check for $100 issued to the petty cash custodian. Oct. 31 A count of the petty cash fund disclosed the following items: Currency $4.13 Coins 0.40 Expenditures receipts (vouchers): Office supplies $28.10 Telephone, Internet, and fax 16.27 Postage 42.00 Freight-out 6.81 Oct. 31 A check was written to reimburse the fund and increase the fund to $200. Journalize the entries in October that pertain to the petty cash fund. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2. Round all numbers to 2 decimal places, e.g. 12.00.)

I want to know how to determine the cash over and short value!!!

Do you add $4.13 (currency) to $0.40 (coins) to get $4.53. Then take the $100 petty cash and subtract $4.53 to get $95.47 for the cash value in the (credit column for October 31st). For the cash over and short do you add $42.00 + $28.10 + $16.27 + $6.81 = $93.18. Therefore for cash over and short value (debit column for October 31st) is it $95.47 - $93.18 = $2.29 ANSWER

IS THIS CORRECT????