Homework Answers
(1) Yes, petty cash fund should be replenished on June 30 because at the end of every period petty cash account need to be adjusted.
(2) Cash needed = $10+27.48+5.65 = $43.13
(3)
| Date | Accounts | Debit | Credit |
| June 30 | Office supplies | $10 | |
| Postage expense | $27.48 | ||
| Miscellaneous expense | $5.65 | ||
| Cash | $43.13 |
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