Transcribed Image Text: Journalize the entries to record the following: a. Check is issued to establish a petty cash fund of $750. b. The amount

Transcribed Image Text: Journalize the entries to record the following:
a. Check is issued to establish a petty cash fund of $750.
b. The amount of cash in the petty cash fund is now $176. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $248;
miscellaneous selling expense, $212; miscellaneous administrative expense, $96. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal
$750, record the discrepancy in the cash short and over account.)
a. Journalize the entry to establish the petty cash fund.
Petty Cash v
Cash v Transcribed Image Text: b. Journalize the entry to replenish the petty cash fund. For a compound transaction, if an amount box does not require an entry, leave it blank.
Office Supplies v
Miscellaneous Selling Expense
Miscellaneous Administrative Expense
Cash Short and Over
Cash

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