Question: Journalize the entries to record the following a Check No

Journalize the entries to record the following:
a. Check No. 6172 is issued to establish a petty cash fund of $1,000.
b. The amount of cash in the petty cash fund is now $239.16. Check No. 6319 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $379.10; miscellaneous selling expense, $216.25; miscellaneous administrative expense, $143.06. (Since the amount of the check to replenish the fund plus the balance in the fund do not equal $1,000, record the discrepancy in the cash short and over account.)

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  • CreatedJuly 17, 2012
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