Petty Cash Fund

Prepare journal entries for each of the following:

a. Issued a check to establish a petty cash fund of $500. If an amount box does not require an entry, leave it blank.

Petty cash ________ _______

cash ________ ________

The amount of cash in the petty cash fund is $85. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $360 and miscellaneous selling expense, $40. 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 ______ _______

miscellaneous ________ _______

Cash Short And Over _______ _______ cash _______ ________