Final answer:
The petty cash on hand and vouchers amount to $200, which matches the total petty cash fund, indicating no discrepancies. The journal entry to record the expenses would include debiting the expense accounts and crediting cash, but in this case, the petty cash fund does not need replenishment.
Step-by-step explanation:
The inventory and cash balance of the petty cash fund total $200. According to the inventory provided, there are two vouchers: a travel expense voucher for $20 and an office supply voucher for $15. Additionally, there's an amount of $165 in coins and banknotes. When you sum the vouchers and the actual cash on hand, this amounts to $200, which aligns with the total petty cash fund. Therefore, no discrepancy exists between the recorded amount and the physical count.
To reflect the replenishment of the petty cash fund in the journal entry, the entry would include a debit to the expenses represented by the vouchers (travel expenses and office supplies) for a total of $35 and a credit to cash for the same amount. However, since the cash on hand is correct, there is no need to adjust the cash account as the fund is not being replenished at this moment.