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Check is issued to establish a petty cash fund of $1,000.
The amount of cash in the petty cash fund is now $340. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $383; miscellaneous selling expense, $158; miscellaneous administrative expense, $99. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,000, record the discrepancy in the cash short and over account.) journalize the entries

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By computing the replenishment in petty cash, we will have a Cash short and over account of $20.

What is replenishment in petty cash

Replenishment of petty cash should be recorded based  on the cash difference between the established petty cash and the current amount of the petty cash. The item "cash short and over account" will be used to balance these entries.

The journal that replenishment  the petty cash fund:

Details                                                                Amount

Office supplies                                     $383

Misc. selling expense                          $158

Misc. administration expense             $99

Cash short and over account            $20

($660 - $383 - $158 - $99)

            Cash                                                           $660

            ($1,000 - $340)

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