Petty cash fund entries.

ty cash fund entries Instructions Chart of Accounts Journal nstructions Journalize the entries to record the following Required: a. On March 1, check is issued to establish a petty cash fund of $4,035. b. On April 1. The amount of cash in the petty cash rund is now $100. Check is issued to replenish the fund based on the following summary of petty cash receipts: office supples, $529, miscellaneous selling expense, $210, miscellaneous administrative expense, $163. If the amount of the check to replenish the fund plus the balance in the fund do not equal $1,035, record the discrepancy in the cash short and over account *Refer to the chart of accounts for the exact wording of the accounttiles. CNOW ;ournals do not use lines for journal explanations. Every line on a journal page is used for debitor credientes CNOW journals will automatically indent a credit entry when a credit amount is entered tructions Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 120 Accounts Receivable EXPENSES 131 Notes Receivable 510 Cost of Merchandise Sold 132 Interest Receivable 141 Merchandise Inventory 515 Credit Card Expense 145 Office Supplies 516 Cash Short and Over 146 Store Supplies 520 Salaries Expense 151 Prepaid Insurance 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 193 Store Equipment 194 Accumulated Depreciation Store Equipment LIABILITIES 538 Store Supplies Expense 210 Accounts Payable 221 Notes Payable 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment Journal a. On March 1, journalize the following transaction: Check is issued to establish a petty cash fund of $1,035. Refer to the chant of accounts for the exact wording of the account titles. CNOW journals do not use lines for joumele penations Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered PAGE 1 JOURNAL ACCOUNTING EQUATION POST. REF. CREDIT DEBIT ASSETS LIABILITIES DESCRIPTION EQUITY DATE b. On April 1. journalize the following transaction: The amount of cash in the petty cash fund is now $100 Check is issued to replenish the fund, based on the following summary of petty cash receipts office supplies $529, miscellaneous selling expense, $210; miscellaneous administrative expense, $ 163. If the amount of the check to replenish the fund plus the balance in the fund do not equal $1,035, record the discrepancy in the cash short and get account. Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debitor credit entries CNOW journals will automatically indent a creditentry when a credit amount is entered PAGE 1 JOURNAL ACCOUNTING EQUATION POST REF DEBIT CREDIT ASSETS DESCRIPTION LIABILITIES EQUITY DATE 1 2 3