Question

Prepare journal entries for each of the following:
a. Issued a check to establish a petty cash fund of $600.
b. The amount of cash in the petty cash fund is $175. Issued a check to replenish the fund, based on the following summary of petty cash receipts: repair expense, $350 and miscellaneous selling expense, $55. Record any missing funds in the cash short and over account.



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  • CreatedJuly 17, 2012
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