Journalize the entries to record the following:
March 1 Established a petty cash fund of $300.
March 31 The amount of cash in the petty cash fund is now $64. The fund is replenished based on the following receipts: office supplies, $137; selling expenses, $112.
Record any discrepancy in the cash short and over account.
Journal

Question

Quizplus · Accepted Answer

The Answer of Journalize the entries to record the following:
March 1 Established a petty cash fund of $300.
March 31 The amount of cash in the petty cash fund is now $64. The fund is replenished based on the following receipts: office supplies, $137; selling expenses, $112.
Record any discrepancy in the cash short and over account.
Journal

Journalize the Entries to Record the Following