Question

Prepare journal entries for each of the following:
a. Issued a check to establish a petty cash fund of $1,150.
b. The amount of cash in the petty cash fund is $250. Issued a check to replenish the fund, based on the following summary of petty cash receipts: repair expense, $725 and miscellaneous selling expense, $150. Record any missing funds in the cash short and over account.



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  • CreatedFebruary 28, 2014
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