Question

On March 20, Coronado’s petty cash fund of $105 is replenished when the fund contains $8 in cash and receipts for postage $48, freight-out $11, and travel expense $33.

Prepare the journal entry to record the replenishment of the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Mar. 20

Answer 1

	JOURNAL ENTRIES
Date	ACCOUNT TITLES AND EXPLANATIONS	DEBIT ($)	CREDIT ($)
Mar-20	Postage Expense	48.00
	Freight-out	11.00
	Travel expense	33.00
	Cash over and short (Balancing figure)	5.00
	Cash (105-8)		97.00