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galina1969 [7]
3 years ago
9

Pelcher Co. maintains a $400 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date repr

esent $110 for office supplies, $140 for merchandise inventory, and $70 for miscellaneous expenses. There is a cash overage of $4. The journal entry to replenish the fund on January 31 is:
Business
1 answer:
Elena L [17]3 years ago
8 0

Answer:

The journal entry is as follows:

On January 31st,

Office supplies A/c Dr. $110

Merchandise inventory A/c Dr. $140

Miscellaneous expenses A/c Dr. $70

            To cash over and short            $4

            To cash A/c                               $316

(To record the replenish the fund on January 31)

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