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Journal entry for cash prizes
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On March 20, Batavia's petty cash fund of $100 is replenished when the Fund contains $9 in cash and receipts for postage $52, freight-out $26, And travel expense $10. Prepare the journal entry to recorded the Replenishment of the petty cash fund.
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It says: The custodian of the petty cash fund submits the following receipts for reimbursement and reports a cash-on hand count of $8 Postage stamps used……………………… $38 United Parcel (transportation-out)……….. 23 ...
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