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At the time a $350 petty cash fund is being replenished, the company's accountant finds vouchers totaling $250 and petty cash of $100. The vouchers
At the time a $350 petty cash fund is being replenished, the company's accountant finds vouchers totaling $250 and petty cash of $100. The vouchers Include: postage, $70; business lunches, $105; delivery fees, $40; and office supplies, $35. Which of the following is not recorded when recognizing expenditures from the petty cash fund? Multiple Choice O Debit Postage Expense, $70. O Debit Cash, $250. O Debit Supplies, $35. O Credit Cash, $250
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