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Prepare journal entries

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Reference no: EM131750814

Problem - Petty Cash Fund

Prepare journal entries for each of the following. For a compound transaction, if an amount box does not require an entry, leave it blank.

a. Issued a check to establish a petty cash fund of $800.

b. The amount of Cash In the petty cash fund Is $260. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $315 and miscellaneous selling expense, $200. Record any missing funds in the cash short and over account. Foe a compound transaction, if an amount box does not require an entry, leave it blank.

Reference no: EM131750814

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