March 1 Established a petty cash fund of $877. March 31 The amount of cash in the petty cash fund is now $729. The fund is replenished based on the following receipts: office supplies, $48 selling expenses, $105. Record any discrepancy in the cash short and over account. If an amount box does not require an entry, leave it blank. Mar. 1   fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6 Mar. 31   fill in the blank 8 fill in the blank 9     fill in the blank 11 fill in the blank 12     fill in the blank 14 fill in the blank 15     fill in the blank 17 fill in the blank 18

Petty Cash Fund Entries Journalize the entries to record the following: a. Check is issued to establish a petty cash fund of $800. b. The amount of cash in the petty cash fund is now $272. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $306; miscellaneous selling expense, $127; miscellaneous administrative expense, $79. If the amount of the check to replenish the fund plus the balance in the fund do not equal $800, record the discrepancy in the cash short and over account. a. Journalize the entry to establish the petty cash fund. If an amount box does not require an entry, leave it blank. Petty Cash v Cash v Feedback V Check My Work a. Recall that the only time Petty Cash is used is when the fund is initially established or increased. b. Journalize the entry to replenish the petty cash fund. If an amount box does not require an entry, leave it blank. Office Supplies Miscellaneous Selling Expense Miscellaneous…

Prepare (a) the journal entry to establish a petty cash fund and (b) the journal entry to replenish the petty cash fund.

Record the following transactions into the general journal.  Be sure to include explanations.  When finished upload your journal to this problem.   Establish a petty cash fund of $150 on September 1 with check #1001. On September 10, the petty cash fund was replenished with check #1015 when there was $16 remaining and there were petty cash receipts for: office supplies, $30; transportation-in on inventory purchased, (company uses perpetual method) $52; and postage, $42. On September 15, the petty cash fund was increased to $175 in total with check #1020.