Prepare journal entries for each of the following a. Issued a check to establish a petty cash
Question:
a. Issued a check to establish a petty cash fund of $800.
b. The amount of cash in the petty cash fund is $225. Issued a check to replenish the fund based on the following summary of petty cash receipts: repair expense $450, and miscellaneous selling expense $75. Record any missing funds in the cash short and over account.
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Related Book For 
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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