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 $175. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $189; miscellaneous seliling expense, $78; miscellaneous administrative expense, $49. (Because the amount of the check to replenish the fund plus the balance in the fund do 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. Feadback Touck My Wook 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. Feedback Chack My Wock b. Remember that at all times, the petty cash and/or receipts must equal the amount in the petty cash fund. Therefore, to roplenish the fund, you add all receipts removed from petty cash and subtract that from the amount that should be in the fund. Any difference wil be debited or credited to the Cash Short and Over account. In making the joumal entry, Petty Cash is not debited when the fund is replenished. Instead, the accounts affected by the petty cash disbursements are debled