March Transactions:

Mar.1- Established a petty cash fund of $300.

Mar. 31- The amount of cash in the petty cash fund is now $84. The fund is replenished based on the following receipts: office supplies, $137; selling expenses. $112.

Required:

Journalize the entries to record the above transactions. Record any discrepancy in the cash short and over account. Refer to the Chart of Accounts for exact wording of account titles.

General Journal

Jouralize the entries for the each transactions on March. Referto the Chart of Accounts for exact wording of account titles.

JOURNAL

POST. REN

DESCRIPTION

DESIT

CREDIT

ACCOLINTING FOITATION

ASSETS

LIABILITIES

EQUITY