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Petty cosh fund entries Journalize the entries to record the following: a. Check No, 12375 is issued to establish o petty cash fund of $1,100.

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Petty cosh fund entries Journalize the entries to record the following: a. Check No, 12375 is issued to establish o petty cash fund of $1,100. b. The amount of cash in the petty cash fund is now 5407 , Check No. 12-476 is issued to replenish the fund, besed on the following summary of petty cash receipts: office supplies, $402; miscellaneous selling expense, $166; miscellaneous administrative expense, $104. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $500, record the discrepency in the cash short and over account.) a. Journalize the entry to establish the petty cash fund. If an amount box does not require an entry, teave it blank. The cash account for Stone Systems at July 31 , 20Y5, indicated a balance of $13,085. The bank statement indicated a baiance of $16,270 on July 31 , 20 y 5 , Comparing the bank statement and the accompanying canceled checiss and memos with the records reveals the following reconciling ftems: a. Checks outstanding totaled $5,860. b. A deposit of $6,100, representing receipts of July 31 , had been made too late to appear on the bank statement. c. The bank had collected $3,170 on a note lent for collection. The face of the note was $3,010. d. A check for $400 returned with the statement had been incorrectly recorded by 5 tone 5y stems as $440. The check was for the payment of an obligation to Holland Co. for the purchase of office supplies an account. e. A check drawn for $300 had been incorrectly charged by the bank as $30. f. Bank service charges for July amounted to $55. Required: 1. Prepare a bank reconciliation. 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. If an amount box does not require an entry, leave it blank

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