159. Journalize the entries to record the following:June 1 Established a petty cash fund of $200 30 The amount of cash in the petty cash fund is now $57. The fund is replenished based on the following...

159. Journalize the entries to record the following:


June 1 Established a petty cash fund of $200

30 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.



Journal

30Postage Expense25

160. Journalize the entries to record the following:


Sept. 1 Established a petty cash fund of $350
Sept. 30 The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, $116; postage $100.


Record any discrepancy in the cash short and over account.



Journal

30Office Supplies Expense116