A company established a $400 petty cash. On October 15, there was $16 remaining in the petty cash fund on that date and there were petty cash receipts for travel expense, $39, delivery expense, $138, and office expenses, $214. The petty cash fund was replenished and increased to $1,000 in total.Required:Prepare the journal entry, if any, required, to record the replenishment of the petty cash fund and the increase in its amount on October 15. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
What will be an ideal response?
Oct. 15 | Travel Expense | 39 | ? |
? | Delivery Expense | 138 | ? |
? | Office Expenses | 214 | ? |
? | Petty Cash | 600 | ? |
? | Cash Overage | ? | 7 |
? | Cash | ? | 984 |
Business
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What will be an ideal response?
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