Journal Entry and Petty Cash

jwuhottie · #1 Jun 25, 2007, 09:54 AM

On March 20, Batavia's petty cash fund of $100 is replenished when the
fund contains $9 in cash and receipts for postage $52, freight-out $26,
and travel expense $10. Prepare the journal entry to recorded the
replenishment of the petty cash fund.

Smith21000 · Jun 25, 2007, 11:43 AM

Give it a quick try first and explain your reasoning.



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