Question

A petty cash fund was established for $250 dollars on November 1st. On November 30th, the petty cash box had $8.75 remaining and had the following receipts: • Postage $98 Office Supplies used during the month $110 • Pizza for employees working overtime $35 What journal entry would the company make to record the replenishment of the petty cash fund on November 30th? Date Account Title Debit Credit Nov. 30 Postage Expense 98.00 Office Supplies Expense 110.00 Meals Expense 35.00 Cash 243.00 Date Account Title Debit Credit Nov. 30 Postage Expense 98.00 Office Supplies Expense 110.00 Meals Expense 35.00 Petty Cash 243.00 Date Account Title Debit Credit Nov. 30 Postage Expense 98.00 Office Supplies Expense 110.00 Meals Expense 35.00 Cash Over & Short 1.75 Cash 241.25

Answer 1

Date	Account Title	Debit	Credit
Nov. 30	Postage Expense	98.00
	Office Supplies Expense	110.00
	Meals Expense	35.00
	Cash Short and Over		1.75
	Cash		241.25