At the time a $400 petty cash fund is being replenished, the company's accountant finds vouchers totaling $300 and petty cash of

Question

3 years ago

6

At the time a $400 petty cash fund is being replenished, the company's accountant finds vouchers totaling $300 and petty cash of

$100. The vouchers include: postage, $80; business lunches, $120; delivery fees, $60; and office supplies, $40. Which of the following is not recorded when recognizing expenditures from the petty cash fund?
A. Debit petty cash, $300
B. Credit petty cash, $300
C. Debit office supplies, $40
D. Debit postage expense, $80

Business

1 answer:

Rama09 [41] · Answer 1 · 2022-06-04T18:49:23+03:00

Rama09 [41]3 years ago

3 0

Answer:

A. Debit petty cashier at the end of the