Question

On April 1, Java Brewers created a petty cash fund starting with $100. On April 30, there was only $5 remaining in the petty cash box. The custodian of the fund presented vouchers to the company accountant for Supplies of $55 and Delivery Expenses of $40. The journal entry on April 30, to replenish the fund, would be: On April 1, Java Brewers created a petty cash fund starting with $100. On April 30, there was only $5 remaining in the petty cash box. The custodian of the fund presented vouchers to the company accountant for Supplies of $55 and Delivery Expenses of $40. The journal entry on April 30, to replenish the fund, would be: OPTION ACCOUNT TITLE DEBIT CREDIT (A) Petty cash 95 Cash 95 (B) Cash 95 Petty cash 95 (C) Delivery expenses 40 Supplies 55 Petty cash 95 (D) Delivery expenses 40 Supplies 55 Cash 95

Answer 1

D. Dr Delivery expenses 40, Supplies 55

Cr Cash 95

Step-by-step explanation:

Given the above information, the journal entry on April 30, to replenish the fund would be;

Debit the expenses account. The expenses here are delivery and supply expenses, while Cash would be credited(Sum of the delivery and supply expenses)

Therefore,

Dr Delivery expenses $40

Dr Supplies $55

_____________ To Cash $95