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Meng Co. maintains a $300 petty cash fund. On January 31, th…
Meng Co. maintains a $300 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses. There is a cash shortage of $8. The journal entry to replenish the fund on January 31 is:
Meng Co. maintains a $300 petty cash fund. On January 31, th…
Questions
Meng Cо. mаintаins а $300 petty cash fund. On January 31, the fund is replenished. The accumulated receipts оn that date represent $80 fоr office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses. There is a cash shortage of $8. The journal entry to replenish the fund on January 31 is:
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