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Journalize the entries to record the following: a. On July 1, check No. 12-375 is issued to establish a petty cash fund of $1,175. b.

Journalize the entries to record the following: a. On July 1, check No. 12-375 is issued to establish a petty cash fund of $1,175. b. The amount of cash in the petty cash fund is now $110. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $665; miscellaneous selling expense, $211; miscellaneous administrative expense, $178. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,175, record the discrepancy in the cash short and over account.) Chart of Accounts ASSETS 110 Cash 111 Petty Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 121 I and CHART OF ACCOUNTS General Ledger REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 515 Credit Card Expense - 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense
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CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 111 Petty Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Recelvable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Office Equipment 192 Accumulated Depreciation-Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment LIABILITIES 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 591 Miscellaneous Administrative Expense 592 Miscellaneous Selling Expense General downe inathetiont 538 Store Supplies Expense 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 591 Miscellaneous Administrative Expense 592 Miscellaneous Selling Expense 710 Interest Expense \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline & 4 & & & & & sec & sming to & oir \\ \hline & tet & movertom & nost arr & bear & cont & asth & & roum \\ \hline+1 & & & & & & 4 & 4 & \\ \hline 1 & & & & & & & & \\ \hline \end{tabular} Gerex dumel habielons Journalize the entries to record the following: a. On July 1 , check Na. 12375 is issued to establish a petty cash fund of 51,175 b. The amount of cash in the petty cash fund is now $110. Chock Na, 12-476 is issued to replenish the fund, based on tho following summary of petty cash receipts: office supplies, 5665; miscellaneous selling axpense, \$211; miscellaneous administrative expense, \$178. (Bocause the amount of the check to replenish the fund plus the batance in the fund do not equal \$1, 175, record the discrepancy in the cash short and ovor account

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