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NISA [10]
3 years ago
6

At the time a $400 petty cash fund is being replenished, the company's accountant finds vouchers totaling $350 and petty cash of

$50. The vouchers include: postage, $100; business lunches, $150; delivery fees, $75; and office supplies, $25. Which of the following is not recorded when recognizing expenditures from the petty cash fund?
Business
1 answer:
Oksi-84 [34.3K]3 years ago
7 0

Answer:

Explanation:

The journal entry to record the expenditure account is shown below:

Postage A/c Dr $100

Business lunches A/c Dr $150

Delivery fees A/c Dr $75

Office supplies /c Dr $25

                To  Petty cash A/c $350

(Being expenditure is recorded)

So, the debit petty cash account would not be considered as it is credited while passing the journal entry.

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Answer:

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