pambrager
Feb 23, 2012, 04:43 PM
I have a $500 fund that I want to reduce to $200. What is are the journal entries to get the $300 back in the bank?
pready
Feb 23, 2012, 06:07 PM
Debit Cash for 300
Credit Petty Cash for 300
pambrager
Feb 23, 2012, 06:40 PM
Since I am trying to deposit the funds in the bank, I tried to debit my bank account and credit petty cash but Quickbooks won't let me use the same account that I am making the deposit to.