A petty cash fund was originally established with a check for $245. On September 10,...

90.2K

Verified Solution

Question

Accounting

image
A petty cash fund was originally established with a check for $245. On September 10, the petty cash fund was replenished when there was $23.25 remaining and there were petty cash receipts for postage, $53.00; supplies, $54.70; and equipment repair, $68.00. Required: Prepare the journal entry, if any, required, to record the replenishment of the petty cash fund on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account fleld. Round your final answer to two decimal places.) Date General Journal Credit 23.250| Dec 31 Cash 23.2 Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted Explanation No further explanation details are available for this

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students