Accounting for petty cashKaren’s Dance Studio created a $370 imprest petty cash fund. Duri...

Accounting for petty cash

Karen’s Dance Studio created a $370 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows:

Requirement

1. Make the general journal entries to

a. create the petty cash fund and

b. record its replenishment. Cash in the fund totals $147, so $13 is missing. Include explanations.