Question

On March 20, Harbor’s petty cash fund of $100 is replenished when the fund contains $ 25 in cash and receipts for postage $ 41, supplies $ 22, and travel expense $12.

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.)

Answer 1

Entities replienish the petty cash fund at the end of period to make sure that no record of fund expenditures is in accounts until the check is written and an journal entry is made.
Journal entry to record the replenishment of the petty cash fund.
Date	Accounts title and explaination	Debit	Credit
Mar.20	Dr Postage	$   41.00
	Dr Supplies	$   22.00
	Dr Travel expense	$   12.00
	Cr Cash		$   75.00
	( To record Replenishment of petty cash fund)
	You have $25 in cash and after the above reimbursement, your fund will be back to $100