The petty cash payments record indicates classified expenditures as follows: Automobile Expense,$20; Supplies Expense,$12; Postage Expense,$6; and Miscellaneous Expense,$5.The journal entry to replenish the petty cash fund would include a credit to Cash for

Question

Quizplus · Accepted Answer

The total of the classified expenditures is $43 ($20 + $12 + $6 + $5). Therefore, the journal entry to replenish the petty cash fund will include a debit for $43 to various expense accounts and a credit for $43 to Cash.

The Petty Cash Payments Record Indicates Classified Expenditures as Follows