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The controller has completed the T accounts for the Cash and Sales accounts as of January 30, but needs to attend an important conference in

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The controller has completed the T accounts for the Cash and Sales accounts as of January 30, but needs to attend an important conference in another city. She has requested that you prepare the T account for the Cash Short and Over account as of January 30 also. You are told that the balance of the account is zero as of the beginning of January, and that all the company's sales are in cash. Review the following Taccounts, and then scroll down to complete the Cash Short and Over I account and answer the associated question that follows it. Cash Balance 1/1/Y5 5,500 1/2/Y5 Establish Petty Cash 500 1/5/Y5 2,800 1/12/Y5 6,305 1/23/45 3,270 1/30/Y5 4,450 Cash Short and Over Cash Balance 1/1/Y5 5,500 1/2/Y5 Establish Petty Cash 500 1/5/85 2,800 1/12/Y5 6,305 1/23/Y5 3,270 1/30/Y5 4,450 Balance 21,825 Sales Balance 1/1/Y5 0 1/5/45 2,805 1/12/Y5 6,270 1/23/Y5 3,310 1/30/Y5 4,420 Cash Short and Over 1/12/Y5 6,305 1/23/Y5 3,270 1/30/Y5 4,450 Balance 21,825 Sales Balance 1/1/95 0 1/5/Y5 2,805 1/12/Y5 6,270 1/23/Y5 3,310 1/30/Y5 4,420 Balance 16,805 Review the T accounts previously shown, and then complete the Cash Short and Over and the following associated question. Cash Short and Over Balance 1/1/45 0 1/ 1/5/Y5 1/30/Y5 1/23/Y5 Balance Bank Feconciliation The company's policy is to record any messing funds in the Cash Short and Over account The new intem has prepared a proposed journal entry to record the replenishing of the petty cash lundi JOURNAL ACCOUNTING DATE DESCRIPTION POSER DESIT CREDIT LABILITI 31 Penty 53.00 ASSETS 1 53.00 Prepare for your discussion with the intern by creating the corrected journal entry for the replenishment of the petty cash fund. Refer to the Chart of Account Prepare for your discussion with the intern by creating the corrected journal entry for the reperushment or the petty cash tund. Refer to the Chart of Accounts wording of accountries JOURNAL ACCOUNTING EQ DATE DESCRIPTION POST. REF. DENT CREDIT ASSETS LIABILITIES 1

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