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Journalize the entries to record the following: March 1 Established a petty cash fund of $527. March 31 The amount of cash in the petty
Journalize the entries to record the following: March 1 Established a petty cash fund of $527. March 31 The amount of cash in the petty cash fund is now $354. The fund is replenished based on the following receipts: office supplies, $58 selling expenses, $123. 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 527
Cash 527
Mar. 31 Office Supplies 58
Selling Expenses 123
Cash Short and Over ?
Cash ?
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