On June 1, 2022, Hit Design set up a petty cash fund for $325. At the...

  

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On June 1, 2022, Hit Design set up a petty cash fund for $325. At the end of the first week, the petty cash fund contained the following items. Cash on hand $119 Receipt for the purchase of office supplies $39 Receipt for the delivery charges $20 Receipt for the purchase of stamps $11 Receipt for travel to a client meeting $48 Receipt for the payment of newspaper advertising $80 Required Do not enter dollar signs.or.commas in the input boxes. a) Calculate any cash overage or shortage. Cash is by $ b) Prepare the journal entries for setting up, and replenishing the petty cash fund. For transactions with more than one debit enter the debit accounts in alohabetical order. Date Account Title and Explanation 2022 Jun 1 Jun 7 To set up the petty cash fund Debit Credit On June 1, 2022, Hit Design set up a petty cash fund for $325. At the end of the first week, the petty cash fund contained the following items. Cash on hand $119 Receipt for the purchase of office supplies $39 Receipt for the delivery charges $20 Receipt for the purchase of stamps $11 Receipt for travel to a client meeting $48 Receipt for the payment of newspaper advertising $80 Required Do not enter dollar signs.or.commas in the input boxes. a) Calculate any cash overage or shortage. Cash is by $ b) Prepare the journal entries for setting up, and replenishing the petty cash fund. For transactions with more than one debit enter the debit accounts in alohabetical order. Date Account Title and Explanation 2022 Jun 1 Jun 7 To set up the petty cash fund Debit Credit