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On January 1, 2021, XYZ Company established a petty cash account in the amount of $1,000. At the end of January, petty cash vouchers totaled
On January 1, 2021, XYZ Company established a petty cash account in the amount of $1,000. At the end of January, petty cash vouchers totaled $670 and remaining cash in the petty cash was $310. The journal entry to record the replenishment of petty cash would include a:
A. | Credit individual expense accounts, $670. | |
B. | Credit - cash, $670. | |
C. |
| |
D. | Debit - petty cash, $1,000. |
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