How would you journalize an entry to replenish petty cash spent on supplies?
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How would you journalize an entry to replenish petty cash spent on supplies?
Slush fund
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
My post was 'tongue in cheek' pready.
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