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On January 1, 2019, Optiplex Company established a petty cash fund of $500. During January, the following expenses were incurred: Delivery Expense: $180 Telephone Expense:
On January 1, 2019, Optiplex Company established a petty cash fund of $500. During January, the following expenses were incurred: Delivery Expense: $180 Telephone Expense: $60 Beverages Expense: $50 Electricity expense: $150 Miscellaneous Expense: $50 Remaining cash on hand at end of January: $7 The entry to replenish the petty cash fund at end of January includes :
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Credit cash $493
Debit cash $ 490
Credit petty cash $493
Credit cash $490
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