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A company has a petty cash fund amount of​ $200. When​ replenished, it has petty cash receipts of​ $32 for gas​ expense, $33 for postage​ expense, $14 for supplies​ expense, and​ $9 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal​ entry, Cash would be credited for​ ________.

Respuesta :

hyderali230

Answer:

$88

Explanation:

Petty cash is a small amount of fund which is kept in the business for day to day expenses. Cash is issued from this fund for daily small expense which is not possible to withdraw from the bank by check.

The Journal Entry will be as follow

                                          Dr.    Cr.

Gas​ expense                    $32

Postage​ expense             $33

Supplies​ expense            $14

Miscellaneous expenses $9

Cash                                        $88

Cash will be credited against all these expenses.

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