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Kyla Company experienced the following transactions affecting their $150 petty cash fund during April. Prepare the required journal entries (120 pts). 1. Prepared a company
Kyla Company experienced the following transactions affecting their $150 petty cash fund during April. Prepare the required journal entries (120 pts).
1. Prepared a company check to replenish the fund for the following expenditures made since April 1:
Paid $45 for supplies.
Paid $80 for freight in (perpetual).
Counted $30 remaining in the petty cash box.
Supplies Expense | 45 | |
Freight Expense | 80 | |
Cash over and short | 5 | |
Cash | 120 |
The yellow box is incorrect. What is the journal entry for this?
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