Question

blank sheet. journalize the entries to record the following

Petty cash fund entries Instructions Chart of Accounts Journal Instructions Journalize the entries to record the following (refer to the Chart of Accounts for exact wording of account titles): Instructions A. On March 1, Check is issued to establish a petty cash fund of $1,100. B. On April 1, the amount of cash in the petty cash fund is now $107. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $568; miscellaneous selling expense, $219; miscellaneous administrative expense, $173. (Because the amount of the chock to replenish the fund plug the balance in the fund do not equal $1,100, record the discrepancy in the cash short and over account.)

Answer 1

Credit Date March 01 Debit 1,100 $ 1,100 April 01 General Joumal Petty Cash Cash Office Supplies Expense Miscellaneous Selling Expense Miscellaneous Administrative Expense Cash Short and Over ($993 - $960) Cash ($1,100 - $107) 993