Chavez Company replenished its petty cash fund. The expenditures of the fund included postage, office supplies and other miscellaneous items. Indicate the effects of recognizing the expenditures on financial statements and the replenishment of the petty cash fund.

Question

Quizplus · Accepted Answer

The Answer of Chavez Company replenished its petty cash fund. The expenditures of the fund included postage, office supplies and other miscellaneous items. Indicate the effects of recognizing the expenditures on financial statements and the replenishment of the petty cash fund.

Chavez Company Replenished Its Petty Cash Fund