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When Making a Payment from the Petty Cash Fund for Postage

Question 143

Short Answer

When making a payment from the petty cash fund for postage stamps, the following journal entry is made. a.
 Supplies XXXX Petty CashXXXX\begin{array}{lrr} \text { Supplies } &X X X X\\ \text { Petty Cash} &&X X X X\\\end{array}

b.
Postage Expense XXXXPetty Cash XXXX\begin{array}{lrr} \text {Postage Expense } &X X X X\\ \text {Petty Cash } &&X X X X\\\end{array}

c.
Miscellaneous Expense XXXX Petty CashXXXX\begin{array}{lrr} \text {Miscellaneous Expense } &X X X X\\ \text { Petty Cash} &&X X X X\\\end{array}

d.  No entry is made.\begin{array}{lrr} \text { No entry is made.} &\\\end{array}

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