JOURNALIZE THE ENTRIES TO RECORD THE FOLLOWING : 1.) Check No. 6172 isssued to establish a petty cash fund of $1,000. 2.) The amount of cash in the petty cash fund is now $239.16. Check No.6

JOURNALIZE THE ENTRIES TO RECORD THE FOLLOWING :

1.) Check No. 6172 isssued to establish a petty cash fund of $1,000.

2.) The amount of cash in the petty cash fund is now $239.16. Check No.6319 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $379.10; miscellanous selling expense, $216.25; miscellanous administrative expense, $143.06. (Since the amount of the check to replenish the fund plus the balance in the fund do not equal $1,000, record the discrepancy in the cash short and over account).

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