Exercise On August 31, Brighton Company's petty cash fund contained coins and currency of $ 260, an IOU from an employee of $ 30, and vouchers showing expenditures of $ 120 for postage, $ 52 for taxi fare, and $ 138 to entertain a customer. The Petty Cash account shows a balance of $ 600. The fund is replenished on August 31 because financial statements are to be prepared. What journal entry is required on August 31? GENERAL JOURNAL POST Account/Description REF. Debit Credit Exercise J Use the data in the previous exercise. What entry would have been required if the amount of coin and currency had been $ 247.20? Which of the accounts debited would not appear in the income statement? GENERAL JOURNAL POST Account/Description REF. Debit Credit