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    moemoney9788's Avatar
    moemoney9788 Posts: 3, Reputation: 1
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    #1

    Nov 1, 2008, 04:57 PM
    Replenishing Petty cash
    How would you journalize an entry to replenish petty cash spent on supplies?
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    Nov 1, 2008, 05:01 PM

    Slush fund
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Nov 2, 2008, 09:18 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's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #4

    Nov 2, 2008, 10:27 AM

    My post was 'tongue in cheek' pready.
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