ffects of Petty Cash Transactions lustrate the effect on the accounts and financial statements of the following ansactions. If no account or activity is affected, select "No effect" from the ropdown and leave the corresponding number entry box blank. Enter ccount decreases, cash outflows, and the income statement effects that ecrease net income as negative amounts. Established a petty cash fund of $1,200. . The amount of cash in the petty cash fund is now $270. Replenished the fund, ased on the following summary of petty cash receipts: office supplies, $510; iscellaneous selling expense, $210; miscellaneous administrative expense, $210