Sept. 1 Established a petty cash fund of $350. 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. If an amount box does not require an entry, leave it blank. Sept. 1 Petty Cash 350 Cash 130 Sept. 30 Postage Expense 100

Sept 1

DR PETTY CASH $350.30

CR CASH $350.30

Sept 30

DR POSTAGE EXPENSE $100

DR OFFICE SUPPLIES $116

DR CASH SHORT & OVER $4

CR CASH $220

Explanation: A petty cash is a small amount of money disbursed by an organisation for expenditures. This expenditures are usually day to day expenses such as postages, stationaries, office supplies and so on. From time to time, there may be cash shortages or the cash may be over for various reasons.

Date          Description             Dr.          Cr.

Mar.20   Office Supplies         $116

              Postage Expense     $100

              Cash over / Short     $4

              Cash (350-130)                       $220

Explanation:

All the expenses should be debited due to their debit nature as an expense. and the cash should be credit net of replenished amount and cash available. To balance bot side there might be a cash shortage or cash over entry which should be recorded accordingly.

u = 30

continuing your method

= +

subtract from both sides

= - thus

= -

= ⇒ u = 30

answer; is the sum of all individual demands curves;