Ask Question
28 January, 22:22

The last custodian of the petty cash fund was hospitalized and you have been asked to take stock of the fund and replenish it. When you receive the fund, it has $299 in cash and receipts as follows:

Office supplies $295

Advertising 120

Transportation by Taxi 75

The petty cash fund established to have $800 in it,

Based on what you have found, what journal entry should be recorded to replenish the fund?

+4
Answers (1)
  1. 28 January, 22:26
    0
    General Journal

    Accounts Titles and Explanation Debit Credit

    Office supplies $295

    Advertising expense $120

    Transportation expense $75

    Cash short and over $11

    Cash ($800 - $299) $501

    (Being replenishment of fund recorded)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The last custodian of the petty cash fund was hospitalized and you have been asked to take stock of the fund and replenish it. When you ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers