Petty cash fund entries Instructions Chart of Accounts Journal Instructions Journalize the entries to record the following (refer to the Chart of Accounts for exact wording of account titles): Instructions A. On March 1, Check is issued to establish a petty cash fund of $1,125 B. On April 1, the amount of cash in the petty cash fund is now $122. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $594; miscellaneous selling expense, $216; miscellaneous administrative expense, $168. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,125, record the discrepancy in the cash short and over account.) CHART OF ACCOUNTS General Ledger REVENUE ASSETS 110 Cash 410 Sales 610 Interest Revenue 111 Petty Cash EXPENSES 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 191 Office Equipment 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 192 Accumulated 534 Office Supplies Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment LIABILITIES Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 591 Miscellaneous Administrative urants A. On March 1, journalize the following transaction: Check is issued to establish a petty cash fund of $1,125. Refer to the Chart of Accounts for exact wording of account billes. PAGE 1 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY B. On April 1, the amount of cash in the petty cash fund is now $122. Check is issued to replenish the fund, based on the following surmary of petty cash receipts: office supplies, $594: miscellaneous selling expense, $216; miscellaneous administrative expense, $168. (Because the amount of the check to replenish the fund plus the balance in the fund do nou equal $1.125, record the discrepancy in the cash short and over account) Refer to the Chart of Accounts for exact wording of account wles PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Petty cash fund entries Instructions Chart of Accounts Journal Instructions Journalize the entries to record the following (refer to the Chart of Accounts for exact wording of account titles): Instructions A. On March 1, Check is issued to establish a petty cash fund of $1,125 B. On April 1, the amount of cash in the petty cash fund is now $122. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $594; miscellaneous selling expense, $216; miscellaneous administrative expense, $168. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,125, record the discrepancy in the cash short and over account.) CHART OF ACCOUNTS General Ledger REVENUE ASSETS 110 Cash 410 Sales 610 Interest Revenue 111 Petty Cash EXPENSES 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 191 Office Equipment 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 192 Accumulated 534 Office Supplies Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment LIABILITIES Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 591 Miscellaneous Administrative urants A. On March 1, journalize the following transaction: Check is issued to establish a petty cash fund of $1,125. Refer to the Chart of Accounts for exact wording of account billes. PAGE 1 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY B. On April 1, the amount of cash in the petty cash fund is now $122. Check is issued to replenish the fund, based on the following surmary of petty cash receipts: office supplies, $594: miscellaneous selling expense, $216; miscellaneous administrative expense, $168. (Because the amount of the check to replenish the fund plus the balance in the fund do nou equal $1.125, record the discrepancy in the cash short and over account) Refer to the Chart of Accounts for exact wording of account wles PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY