Question

A $15 cash payment is made to Starbucks to purchase coffee for a business client, a $64 cash payment is made for supplies purchased from Office Depot, and a $42 cash payment is made to UPS to deliver goods to a customer. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Answer 1

Answer:

The journal entry to record the replenishment of the fund is Petty Cash Fund $92          Cash $92 Journal entry:Before proceeding with the journal entry, we have to determine the total amount = cash payment made to starbucks + cash payment to supplies + cash payment to UPS= $13 + $46 + $33= $92Now the journal entry is Petty Cash Fund $92          Cash $92 (To record the replenishment of the funds)

Explanation: