Treatment of petty cash and journal entrya petty cash fund

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Reference no: EM13356368

Treatment of petty cash and journal entry.

A petty cash fund was originally established with a check for $150. In the petty cash fund on December 31 (the period-end), you find the following:

Petty cash receipts:	Postage........................................................	$44.5
	Office supplies.............................................	50.85
	Office equipment repair..............................	48
	Cash.............................................................	4.25

Prepare the general journal entry to record the replenishment of the petty cash fund on December 31. Make sure you put a complete account description. If I have to guess what type of account you put down, it will be marked incorrect.

Reference no: EM13356368

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