Petty cash fund entries

Journalize the entries to record the following:

a$.$ Check No$.12-375$ is issued to establish a petty cash fund of $$500.$

b$.$ The amount of cash in the petty cash fund is now $$180.$ Check No$.12-476$ is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies,

not equal $$500,$ record the discrepancy in the cash short and over account.$)$

a$.$ Journalize the entry to establish the petty cash fund. If an amount box does not require an entry, leave it blank.

Feedback

$7$ Check My Work

a$.$ Recall that the only time Petty Cash is used is when the fund is initially established or increased.

b$.$ Journalize the entry to replenish the petty cash fund. For a compound transaction, if an amount box does not require an entry, leave it blank.

Miscellaneous Administrative Expense $$

Cash Short and Over $$