Journalize the Entries to Record the Following:
March 1 Established

question 58

Essay

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

$\begin{array}{|r|c|r|r|r|}\hline \text { Date } & {\text { Description }} & \begin{array}{r}\text { Post. } \\\text { Ref. }\end{array} & \text { Debit } & \text { Credit } \\\hline \\\hline & \\\hline & & & & \\\hline \\\hline & \\\hline &\\\hline & \\\hline\end{array}$

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Definitions:

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