Ask Question
17 March, 11:57

Pelcher Co. maintains a $400 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $110 for office supplies, $140 for merchandise inventory, and $70 for miscellaneous expenses. There is a cash overage of $4. The journal entry to replenish the fund on January 31 is:

+3
Answers (1)
  1. 17 March, 11:58
    0
    The journal entry is as follows:

    On January 31st,

    Office supplies A/c Dr. $110

    Merchandise inventory A/c Dr. $140

    Miscellaneous expenses A/c Dr. $70

    To cash over and short $4

    To cash A/c $316

    (To record the replenish the fund on January 31)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Pelcher Co. maintains a $400 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $110 ...” 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