EX 7-24. Petty Cash Fund Entries Obj. 6 Journalize the entries to record the following: 1.Check No. 12-375 is issued to establish a petty cash fund of $500. 2.The amount of cash in the petty cash fund is now $40. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $212; miscellaneous selling expense, $156; miscellaneous administrative expense, $61. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $500, record the discrepancy in the cash short and over account.) 1. I