Petty cash was originally established with $60. During the month, $10 was paid out for parking; $15 for postage; and $25 for emergency purchase of office supplies. 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 $60.

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!
Petty cash was originally established with $60. During the month, $10 was paid out for parking; $15 for postage; and $25 for emergency purchase of office supplies. 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 $60.
Related Book For answer-question

College Accounting A Practical Approach

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

ISBN: 978-0132564441