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Journalize the entries to record the following.
a. On July 1, check No. 12-375 issued to establish a petty cash fund of $1,100.
b. The amount of cash in the petty cash fund which is now $107. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $568; miscellaneous selling expense, $219; miscellaneous administrative expense, $173. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,100, record the discrepancy in the cash short and over account.)
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Journalize the entries to record the following.
a. On July 1, check No. 12-375 issued to establish...
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