Make the general journal entry

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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: EM1313586

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