Question
Replenishment of Petty Cash Exercise: On February 20th, JVS Company's petty cash fund of $100.00 is replenished when the cash fund contains $9.00 in
Replenishment of Petty Cash Exercise: On February 20th, JVS Company's petty cash fund of $100.00 is replenished when the cash fund contains $9.00 in cash. Currently, the petty cash box has receipts for postage of $52.00, freight-out of $26.00, and travel expenses of $10.00. Prepare the journal entry to record the replenishment of the petty cash fund.
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
