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  Comprehensive Problem 3 Part 1 Selected transactions completed by Kornett Company during its first fiscal year ended December 31, 2015, were as follows: 1

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Comprehensive Problem 3 Part 1 Selected transactions completed by Kornett Company during its first fiscal year ended December 31, 2015, were as follows: 1. Journalize the selected transactions. Assume 360 days per year. If no entry is required, select "No entry required" from the dropdown and leave the amount boxes blank. For a compound transaction, if an amount box does not require an entry, leave it blank. January 3: Issued a check to establish a petty cash fund of $4,500. Description Debit Credit Petty Cash 4,500 4,500 Cash February 26: Replenished the petty cash fund, based on the following summary of petty cash receipts: office supplies, $1,680; miscellaneous selling expense, $570; miscellaneous administrative expense, $880. Description Debit Credit office supplies 1,680 V Miscellaneous Selling Expense v 570 v Miscellaneous Administrative Expense 880 Petty Cash X 3,130