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Exercise 8-18 (similar to) The petty cash fund had the following petty cash ticket: (Click the icon to view the petty cash ticket.) Assume that
Exercise 8-18 (similar to) The petty cash fund had the following petty cash ticket: (Click the icon to view the petty cash ticket.) Assume that the business has established a petty cash fund in the amount of $295 and that the amount of cash in the fund at the time of replenishment is $21. The business uses a perpetual inventory system. Prepare the entry to replenish the fund on February 28. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit Feb 28 Data Table $ 47 46 Toner for a printer. Freight to deliver goods sold Freight on inventory purchased Miscellaneous expense Postage expense 121 16 34 $ 264 Print Done
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