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Replenishing the Petty Cash Fund

illustration: On March 15 Zhu Ltd's petty cash custodian
requests a check for NT$2,610. The fund contains NT$390
cash and petty cash receipts for postage NT$1,320, freight-out
NT$1,140, and miscellaneous expenses NT$150. The journal
entry is:

1 Answer

4 votes

Answer:

Step-by-step explanation:

Postage expense. 1320

freight out. 1140

miscellaneous exp. 150

Cash. 2610

to replenish petty cash account

note that pettty cash is only debited or credited when you are increasing Or decreasing the petty cash fund. This entry appears to be only replenishing the petty cash account.

User Ammad Ali
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