Petty cash fund

Instructions

Journalize the necessary entries for each of the following:

Required:

a$.$ On March $1,$ issued a check to establish a petty cash fund of $$745.*$

b$.$ On April $1,$ the amount of cash in the petty cash fund is $$110.$ Issued a check to replenish the fund, based on the following summary of petty cash receipts: repair expense, $$512,$ and miscellaneous selling expense, $$84.$ Record any missing funds in the cash short and over 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 debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.