Meng Company maintains a $375 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date rep

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Meng Company maintains a $375 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date rep

resent $95 for office supplies, $190 for merchandise inventory, and $35 for miscellaneous expenses. There is a cash shortage of $9. The journal entry to replenish the fund on January 31 is:

Business

1 answer:

nikklg [1K] · Answer 1 · 2023-09-30T14:02:12+03:00

The journal entry to replenish the fund on January 31 is $46.

<h3>What is a replenishment?</h3>

In a journal entry, this refers to refilling up a depleted cash box in a petty cash system.

The replenishment = $375- $190 - $95 - $35 - $9

The replenishment = $46

Therefore, the journal entry to replenish the fund on January 31 is $46.