Question and answer
On March 20, Terrell's petty cash fund of $100 is replenished when the fund contains $7 in cash and receipts for postage $52, freight-out $26, and travel expense $10. Prepare the journal entry to
record the replenishment of the petty cash fund. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.) Date Description/Account Debit Credit Mar. 20 Postage expensePetty cashCash over and shortCashFreight-outTravel expense Postage expenseCashPetty cashCash over and shortFreight-outTravel expense CashPostage expenseTravel expenseCash over and shortPetty cashFreight-out Petty cashFreight-outPostage expenseCashCash over and shortTravel expense Freight-outPostage expenseTravel expensePetty cashCashCash over and short Click here if you would like to Show Work for this question
The 1st thing to do in such questions is to see if the cash in hand and the receipts total $100. In this case, they total only $95 (7+52+26+10), so there's a cash shortage of $5. [ [ You'll need to use an account called "Cash over and short" or something similar. Dr Postage $52 Dr Freight out $26 Dr Travel expense $10 Dr Cash over and short $5 Cr Cash $93 You have $7 in cash and after the
above reimbursement, your fund will be back to $100. ] ]
Expert answered|armageddon|Points 298|
Question
Asked 3/7/2013 5:43:38 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
17,933,481 questions answered
Popular Conversations
Manhattan Island is __________. A. the largest island in Canada B. ...
Weegy: the manhattan island is the most highly populated island in north america. letter D would be the best answer. ...
10/22/2014 8:51:05 AM| 9 Answers
Arabian glass, which authorities believe appeared in the second half ...
Weegy: Obsidian, which was used by early man to make arrowheads, is a naturally occurring glass. 'which was used by ...
10/22/2014 10:45:16 AM| 3 Answers
Perform the indicated operation. (8c 2 - 2c - 15) ÷ (4c + 5) = ...
Weegy: 3-3 = 0 User: Cool Scoops ice cream shop offers 60 different one-topping sundaes. If there are 12 flavors of ...
10/22/2014 11:16:59 AM| 3 Answers
Which kingdom contains only ...
Weegy: Which kingdom contains only producers? - D. Plantae
10/22/2014 7:29:36 AM| 2 Answers
Which words in the sentence make up the adjective phrase? Which word ...
Weegy: Which words in the sentence make up the adjective phrase? Which word does the adjective phrase modify? Bees ...
10/22/2014 9:30:59 AM| 2 Answers
What is the center of the circle that has a diameter whose endpoints ...
Weegy: The center of the circle that has a diameter whose endpoints are (2, 7) and (-6, -1) is (-2, 3) User: ...
10/22/2014 10:50:52 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2349 [Total 14724]| Ratings 0| Comments 2349| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1508 [Total 10989]| Ratings 4| Comments 1468| Invitations 0|Online
S
1
L
1
L
P
P
L
Points 823 [Total 13052]| Ratings 0| Comments 823| Invitations 0|Offline
S
L
Points 517 [Total 1916]| Ratings 0| Comments 517| Invitations 0|Offline
S
1
L
L
Points 483 [Total 6277]| Ratings 3| Comments 453| Invitations 0|Offline
S
Points 482 [Total 482]| Ratings 0| Comments 452| Invitations 3|Offline
S
Points 413 [Total 414]| Ratings 6| Comments 353| Invitations 0|Online
S
Points 243 [Total 243]| Ratings 1| Comments 233| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
S
Points 27 [Total 27]| Ratings 0| Comments 27| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.