E5-24: Recording petty cash fund transactions Obj 6 Illustrate the effect on the accounts and financial statements of the following transactions:

a. Established a petty cash fund of $750. b. The amount of cash in the petty cash fund is now $140. Replenished the fund, based on the following summary of petty cash receipts: office supplies, $325; miscellaneous selling expense, $200; miscellaneous administrative expense, $85.