Question
A company needs to replenish its $300 petty cash fund. In the petty cash box are the following receipts: $20 for postage; $140 for office
A company needs to replenish its $300 petty cash fund. In the petty cash box are the following receipts:
$20 for postage; $140 for office supplies; and $78 for entertaining a customer. The petty cash person also reported actual petty cash on hand of $70.
What journal entry should be made to replenish the petty cash fund?
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The journal entry to replenish the petty cash fund is Debit Po...
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Principles Of Accounting Volume 1 Financial Accounting
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
1st Edition
1593995946, 978-1593995942
