Journalize the entries to record the following

| February 25, 2017

Journalize the entries to record the following:

A. Check No. 6172 is issued to establish a petty cash fund of $1,000.

B. The amount of cash is the petty cash fund is now $239.16. Check No. 6319 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $379.10; miscellaneous selling expense, $216.25; Miscellaneous administrative expense, $143.06.(Since the amount of the check to replenish the fund plus the balance in the fund do not equal $1,000, record the discrepancy in the cash short and over account.)

Question (2)

May 29 2015 08:27 AM

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