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The following was paid out of the Petty Cash account:

$400 for Store Supplies
$200 for Postage Expense
After counting the cash that is left in Petty Cash, $560 is needed to replenish the Petty Cash back to the original balance.
The journal entry to record the replenishing of Petty Cash would be:

1 Answer

1 vote

Answer:Petty Cash Dr. $560

Bank/Cash. Cr. 560

Narration. Amount paid for petty cash replenishment.

User Gaurav Pandey
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