Question 8 Take me to the text Not checked Marked out of 16.00 On December 20, 2019, Sunny Side Enterprises established a $275 petty cash fund. P Flag question a) Prepare the entry to record the establishment of the fund. b) At the end of the month, the petty cash custodian analyzed all the monthly transactions. She opened the petty cash box and counted $92 cash remaining. There were also two receipts in the petty cash box: receipt #1: $83 - Entertainment and receipt #2: $90 - Travel. Record the journal entries for this month's expenses and replenish the fund. c) At the end of the month, Sunny Side Enterprises wanted to increase the petty cash fund by $125. Prepare the journal entry to record the increase in petty cash fund. Do not enter dollar signs or commas in the input boxes. For transactions with more than one debit or credit, enter the accounts in alphabetical order. Date Account Title and Explanation Debit Credit 2019 Dec 20 Set up the petty cash fund Dec 31 Replenish the petty cash fund Dec 31 Increase the petty cash float Contact us