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Journalize the following entries to record the flo...

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Journalize the following entries to record the floowing: a. Check No 6172 is issued to establish petty cash fund of $1000 b. 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; miscellaneous selling expense, $216.25; miscellaneous administrative explense, 143.06 (Since the amount of the check to replenish the fund plus the balance in the fund do not equal $1000, record discrepancy in the cash short and over account)

 

Paper#9700 | Written in 18-Jul-2015

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