Question

In Exercise 5, if the custodian decided to raise the level of petty cash to $35, what would be the journal entry to replenish? (Use a general journal entry.)
In Exercise 5, Petty cash was originally established for $25. During the month, $4 was paid out for stamps and $5 for floor wax. During replenishment, the custodian discovered that the balance in petty cash was $8. Record, using a general journal entry, the replenishment of petty cash back to $25.



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  • CreatedApril 24, 2014
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