The petty cash fund had the following petty cash ticket: (Click the icon to view...
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Accounting
The petty cash fund had the following petty cash ticket: (Click the icon to view the petty cash ticket.) Assume that the business has established a petty cash fund in the amount of $300 and that the amount of cash in the fund at the time of replenishment is $21. The business uses a perpetual inventory system. Prepare the entry to replenish the fund on February 28 (Record debits first, then credits. Exclude explanations from journal entries.) Data Table - X Journal Entry Date Accounts Debit Credit Feb 28 Cash Cash Short and Over Freight Out Inventory Miscellaneous Expense Office Supplies Petty Cash Postage Expense Toner for a printer S 50 Freight to deliver goods sold ........ 45 Freight on inventory purchased 121 Miscellaneous expense... 16 30 Postage expense $ 262 Print Done Choose from any list or enter any number in the input fields and then click Check
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