Record any discrepancy in the cash short and over account

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Question - Journalize the entries to record the following:

Mar  1 Established a petty cash fund of $200.

Mar 31 The amount of cash in the petty cash fund is now $57. The fund is replenished based on the following receipts: postage, $25; entertainment $100; miscellaneous $20.

Record any discrepancy in the cash short and over account.

Reference no: EM131700271

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