Petty Cash Fund} Minsky Ltd. maintains a balance of ($ 2,500) in its petty cash fund. On
Question:
Petty Cash Fund}
Minsky Ltd. maintains a balance of \(\$ 2,500\) in its petty cash fund. On December 31, Minsky's petty cash account has a balance of \(\$ 216\). Minsky replenishes the petty cash account to bring it back up to \(\$ 2,500\). Minsky classifies all petty cash transactions as miscellaneous expense.
\section*{Required:}
What journal entry is made to record the replenishment of the petty cash fund?
\section*{Cornerstone Exercise
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Related Book For 
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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