Question Content Area

Journalize the entries for the following:

Date Transaction

March $1$ Established a petty cash fund of $$300.$

March $31$ Replenished the petty cash fund based on the following summary of receipts: office supplies, $$137,$ and selling expenses, $$112.$ Petty cash on hand was $$64.$

Record any discrepancy in the cash short and over account. If an amount box does not require an entry, leave it blank.

Mar $1.$ Item Line Debit Credit

x x x

x x x

Mar $31.$ Item Line Debit Credit

x x x

x x x

x x x

x x x