On May 1, a company established a $125 petty cash fund. On May 22, the petty cash fund contains $6 in cash and the following paid petty cash receipts: transportation-in on merchandise inventory $25; postage, $21; and office supplies, $66. Record the general journal entry to reimburse the fund.
What will be an ideal response?
May 22 | Merchandise Inventory | 25 | ? |
? | Postage Expense | 21 | ? |
? | Office Supplies | 66 | ? |
? | Cash Over and Short | 7 | ? |
? | Cash | ? | 119 |
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