On March 20, Concord's petty cash fund of $119 is replenished when the fund contains $6 in cash and receipts for postage $49, freight-out $18, and travel expense $42. 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.)

On March 20, Concord's petty cash fund of $119 is replenished when the fund contains $6 in cash and receipts for postage $49, freight-out $18, and travel expense $42. 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.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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