Petty cash fund entries Instructions Journalize the entries to record the following: Required: a....
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Accounting
Petty cash fund entries
Instructions
Journalize the entries to record the following:
Required:
a On March check is issued to establish a petty cash fund of $
b On April The amount of cash in the petty cash fund is now $ Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $; miscellaneous selling expense, $; miscellaneous administrative expense, $ If the amount of the check to replenish the fund plus the balance in the fund do not equal $ record the discrepancy in the cashshort and over account. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
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