Instructions On June 1, Snow Company established a petty cash fund of $1,000 to pay for various office supplies. A count at the end of the month shows $325 remaining in the fund, while the vouchers indicate that $650 of costs were incurred. Required: Prepare the journal entries to establish the petty cash fund on June 1 and replenish the fund on June 30. Or CHART OF ACCOUNTS rer bnth Snow Company General Ledger ASSETS REVENUE 111 Cash 411 Sales Revenue 431 Interest Income EXPENSES 112 Petty Cash 121 Accounts Receivable 125 Notes Receivable 141 Inventory 152 Prepaid Insurance 181 Equipment 198 Accumulated Depreciation 500 Cost of Goods Sold 511 Insurance Expense 512 Utilities Expense 521 Salaries Expense 198 Accumulated Depreciation bnth shows $325 LIABILITIES 211 Accounts Payable 215 Recourse Liability 231 Salaries Payable 250 Unearned Revenue 261 Income Taxes Payable 521 Salaries Expense 532 Bad Debt Expense 540 viperest Expense 541 Depreciation Expense 542 Office Supplies Expense 543 Cash Short and Over 559 Miscellaneous Expenses 601 Loss from Sale of Receivable 910 Income Tax Expense EQUITY 311 Common Stock 331 Retained Earnings Work