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Record any discrepancy in the cash short and over account

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Reference no: EM132678805

Problem 1: Journalize the entries to record the following: March 1 Established a petty cash fund of $518.

  • March 31 The amount of cash in the petty cash fund is now $383. The fund is replenished based on the following receipts: office supplies, $42 selling expenses, $100.

Problem 2: Record any discrepancy in the cash short and over account. If an amount box does not require an entry, leave it blank.

Mar. 1

Mar. 31

Reference no: EM132678805

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