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When Making a Payment from the Petty Cash Fund for Postage

Question 146

Short Answer

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

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

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

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

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