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    pambrager's Avatar
    pambrager Posts: 2, Reputation: 1
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    #1

    Feb 23, 2012, 04:43 PM
    Reducing a petty cash fund
    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's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Feb 23, 2012, 06:07 PM
    Debit Cash for 300
    Credit Petty Cash for 300
    pambrager's Avatar
    pambrager Posts: 2, Reputation: 1
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    #3

    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.
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