Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A petty cash fund was originally established with a check for $185. On December 31, the petty cash fund was replenished when there was

image text in transcribed

A petty cash fund was originally established with a check for $185. On December 31, the petty cash fund was replenished when there was $11.25 remaining and there were petty cash receipts for postage, $47.00; supplies, $52.90; and equipment repair, $56.00. Required: Prepare the journal entry, if any, required, to record the replenishment of the petty cash fund on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your final answer to two decimal places.) View transaction list Journal entry worksheet 1 Record replenishment of petty cash fund on Dec 31. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Information for Decision-Making and Strategy Execution

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

6th Edition

137024975, 978-0137024971

More Books

Students also viewed these Accounting questions

Question

1

Answered: 1 week ago

Question

Interpret goodwill arising from business combinations.

Answered: 1 week ago

Question

Interpret consolidated financial statements.

Answered: 1 week ago