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moemoney9788
Nov 1, 2008, 04:57 PM
How would you journalize an entry to replenish petty cash spent on supplies?

tickle
Nov 1, 2008, 05:01 PM
slush fund

pready
Nov 2, 2008, 08:18 AM
There is not journal entry reqauired to replenish Petty Cash.

The Journal entry is:
Debit Supplies Expense for the amount
Credit Cash for the amount

tickle
Nov 2, 2008, 09:27 AM
my post was 'tongue in cheek' pready.