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Accounting journal entry A business has a petty cash fund with an initial balance of $800. It currently has $200 of cash and postage receipts
Accounting journal entry
A business has a petty cash fund with an initial balance of $800. It currently has $200 of cash and postage receipts totaling $575. The journal entry to reimburse the fund would be Dr Cr 800 Petty Cash Cash 800 This answer is correct The correct answer is debit Petty Cash 200, credit Cash 200 O The correct answer is debit Postage Expense 575, credit Cash 575 O The correct answer is debit Postage Expense 575, debit Cash Short & Over 25, credit Cash 600 The correct answer is debit Cash Short & Over 575, credit Cash 575Step by Step Solution
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