A petty cash fund was originally established with a check for $150. In the petty cash fund on December 31 (the period-end), you find the following:
$$\begin{array} { | l | l | r | }
\hline \text { Petty cash receipts } & \text { Postage } & \$ 43.50 \
\hline & \text { Office supplies } & 51.85 \
\hline & \text { Office equipment repair } & 49.00 \
\hline \text { Cash } & & 4.25 \
\hline
\end{array}$$
Prepare the general journal entry to record the replenishment of the petty cash fund on December 31.

Question

A petty cash fund was originally established with a check for $150. In the petty cash fund on December 31 (the period-end), you find the following:
$$\begin{array} { | l | l | r | } 
\hline \text { Petty cash receipts } & \text { Postage } & \$ 43.50 \
\hline & \text { Office supplies } & 51.85 \
\hline & \text { Office equipment repair } & 49.00 \
\hline \text { Cash } & & 4.25 \
\hline
\end{array}$$
Prepare the general journal entry to record the replenishment of the petty cash fund on December 31.

Quizplus · Accepted Answer

The Answer of A petty cash fund was originally established with a check for $150. In the petty cash fund on December 31 (the period-end), you find the following:
$$\begin{array} { | l | l | r | } 
\hline \text { Petty cash receipts } & \text { Postage } & \$ 43.50 \
\hline & \text { Office supplies } & 51.85 \
\hline & \text { Office equipment repair } & 49.00 \
\hline \text { Cash } & & 4.25 \
\hline
\end{array}$$
Prepare the general journal entry to record the replenishment of the petty cash fund on December 31.

A Petty Cash Fund Was Originally Established with a Check