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The petty cashier should present all paid receipts to the company cashier so as to replenish the fund.
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It begun out with $100 from the fund at first from the thirty day period. Demonstrate the journal entry to replenish the account by deciding on the right motion from All those supplied underneath.
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The sum of all petty cash receipts as well as the remaining cash really should equivalent the whole of the fund quantity at any offered time.
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Jackson Brothers determined to make a petty cash fund. They approximated that $two hundred would be essential during the fund. Reveal the correct journal entry to produce the account by picking out the suitable action from All those down below.
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