On 30 June,the petty cash fund of Charles Ltd was replenished when the count of petty cash on hand totalled $60.Vouchers revealed that postage expenses of $40 had been incurred.The journal entry to record replenishment was:
A) Dr Postage expense$40 Cr Cash$40
B) Dr Postage expense$40 CrPetty cash$40
C) Dr Petty cash$40 Cr Cash$40
D) none of the answers provided.
Correct Answer:
Verified
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