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THE FOLLOWING PROBLEM IS A SHORT ANSWER wORTH A TOTAL OF 12 POINTS. (Use the below format on your scantron- do not write on this
THE FOLLOWING PROBLEM IS A SHORT ANSWER wORTH A TOTAL OF 12 POINTS. (Use the below format on your scantron- do not write on this test): 29. Journalize the entries to record the following: March 1 March 31 Established a petty cash fund of $300. The amount of cash in the petty cash fund is now $64. The fund is replenished based on the following receipts: office supplies, $137; selling expenses, $112. Record any discrepancy in the cash short and over account. Journal Post. Date Description Debit Credit
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