Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pelcher Company maintains a $435 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $117 for office
Pelcher Company maintains a $435 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $117 for office supplies, $154 for merchandise inventory, and $77 for miscellaneous expenses. There is a cash overage of $7. The journal entry to replenish the fund on January 31 is:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started