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Question - Petty Cash Fund

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Question - Petty Cash Fund

Make 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 $750.

b. The amount of cash in the petty cash fund is $250. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $294 and miscellaneous selling expense, $185. Record any missing funds in the cash short and over account. For a compound transaction, if an amount box does not require an entry, leave it blank.

Reference no: EM132605411

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