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The petty cash fund had the following petty cash ticket (Click the leon to view the petty cash ticket.) Assume that the business has
The petty cash fund had the following petty cash ticket (Click the leon to view the petty cash ticket.) Assume that the business has established a petty cash fund in the amount of $280 and that the amount of cash in the fund at the time of replenishment is $24. The business uses a perpetual inventory system Prepare the entry to replenish the fund on February 28 (Record debits first, then credits. Exclude explanations from journal entries.) Date February 28 Accounts Debit Data table Credit Toner for a printer $50 Freight to deliver goods sold 47 Freight on inventory purchased 118 Miscellaneous expense Postage expense Print Done 5249
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