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Journalize the entries to record the following: March 1 Established a petty cash fund of $697. March 31 The amount of cash in the petty
Journalize the entries to record the following: March 1 Established a petty cash fund of $697. March 31 The amount of cash in the petty cash fund is now $555. The fund is replenished based on the following receipts: office supplies, $37 selling expenses, $112. Record any discrepancy in the cash short and over account. If an amount box does not require an entry, leave it blank or enter "0". Mar. 1 Petty Cash 697 Cash 697 Mar. 31 Office Supplies 37 Selling Expenses 112 Cash Short and Over Cash
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