A petty cash fund was originally established with a check for $185. On September 10,...
50.1K
Verified Solution
Link Copied!
Question
Accounting
A petty cash fund was originally established with a check for $185. On September 10, the petty cash fund was replenished when there was $11.25 remaining and there were petty cash receipts for postage, $4700; supplies, $52.90; and equipment repalr, $56.00. Required: Prepare the journal entry, If any, required, to record the replenishment of the petty cash fund on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your final answer to two decimal places.) View transaction list Journal entry worksheet Record replenishment of petty cash fund on Dec 31. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Petty Cash Supplies Expense Equipment 47.00 52.90 52.90
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!