Petty Cash Fund Prepare journal entries for each of the following: a. Issued a check to establish a petty cash fund of $600. If an amount box does not require an entry, leave it blank. Petty Cash 600 Cash 600 Feedback Check My Work a. Recall that the only time Petty Cash is used is when the fund is initially established or increased. b. The amount of cash in the petty cash fund is $200. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $234 and miscellaneous selling expense, $148. Record any missing funds in the cash short and over account. If an amount box does not require an entry, leave it blank. Store Supplies 234 Miscellaneous Selling Expense 148 Cash Short and Over Cash Feedback Check My Work b. Remember that at all times, the petty cash on hand and the receipts must equal the amount of the petty cash fund. Any difference will be recorded as Cash Short and Over when the fund is replenished. In making the journal entry, Petty Cash is not debited when the fund is replenished. Instead, the accounts affected by the petty cash disbursements are debited.