Ask Question
4 June, 19:00

Assume a company has $200 in its petty cash fund. It expends $155 as follows: $80 for delivery expenses, $40 for postage, $35 for office supplies. There is $30 of cash remaining in the fund after these disbursements. The journal entry to replenish the petty cash fund includes

+4
Answers (1)
  1. 4 June, 22:34
    0
    Petty cash fund available = $200

    Delivery expenses = $80

    Postage = $40

    Office supplies = $35

    cash remaining in the fund after these disbursements = $30

    Therefore, the Journal entry is as follows:

    Delivery expenses A/c Dr. $80

    Postage A/c Dr. $40

    Office supplies A/c Dr. $35

    To cash A/c $155

    (To replenish the petty cash fund)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Assume a company has $200 in its petty cash fund. It expends $155 as follows: $80 for delivery expenses, $40 for postage, $35 for office ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers