Question: A petty cash fund is established at $100. At the end of May, the fund has a cash balance of $46 and petty cash vouchers

A petty cash fund is established at $100. At the end of May, the fund has a cash balance of $46 and petty cash vouchers for postage, $29, and office supplies, $34. Prepare the entry on May 31, 2011, to replenish the fund.


Step by Step Solution

3.44 Rating (179 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

2011 May 31 Postage Expense 29 ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

95-B-C-A-I-C-C (502).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!