Petty Cash Fund Entries

Journalize the entries to record the following:

Check No. 8193 is issued to establish a petty cash fund of $1,000.

The amount of cash in the petty cash fund is now $380. Check No. 8336 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $360; miscellaneous selling expense, $149; miscellaneous administrative expense, $93. (Since the amount of the check to replenish the fund plus the balance in the fund do not equal $1,000, record the discrepancy in the cash short and over account.)

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a. Journalize the entry to establish the petty cash fund.

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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.