On March 20, Crane's petty cash fund of $113 is replenished when the fund contains $12 in cash and receipts for postage $47, freight-out $18, and travel expense $30. 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 Postage Expense 47 Freight-Out 18 Travel Expense 30 Cash Over and Short Cash

On March 20, Crane's petty cash fund of $113 is replenished when the fund contains $12 in cash and receipts for postage $47, freight-out $18, and travel expense $30. 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 Postage Expense 47 Freight-Out 18 Travel Expense 30 Cash Over and Short Cash

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section: Chapter Questions

Problem 4AP

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