Accounting for Petty Cash Replenishment
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On March 20,Terrell's petty cash fund of $106.76 is replenished when the fund contains $9.69 in cash and receipts for postage $52.46, freight-out $26.05, and travel expense $13.19. Prepare the journal entry to record the replenishment of the petty cash fund. (For multiple debit/credit entries, list amounts from largest to smallest, e.g., 10, 5, 3 , 2.)
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This solution illustrates how to account for petty cash replenishment.
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Please see the attached Excel 97-2003 spreadsheet.
On March 20,Terrell's petty cash fund of $106.76 is replenished when the fund contains $9.69 in cash and receipts for
postage $52.46, freight-out $26.05, and ...
Purchase this Solution
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