Question

requirement 2. make the (general) journal entry to record the petty - cash fund replenishment. cash in the fund totals $150. include an explanation. (record debits first, then credits. select the explanation on the last line of the journal entry table. prepare a single compound journal entry.) date accounts and explanation debit credit petty cash tickets petty cash ticket no. item account debited amount ticket no. 1 delivery of programs to customers delivery expense $25 ticket no. 2 mail package postage expense 45 ticket no. 3 newsletter printing expense 20 ticket no. 4 key to closet miscellaneous expense 30 ticket no. 5 copies paper supplies 30

Explanation:

Step1: Calculate total expenses

Sum up the amounts on petty - cash tickets: $25 + 45+20 + 30+30=150$.

Step2: Determine the journal entry

The petty - cash fund is being replenished. We debit the expense accounts and credit Cash.
Debit Delivery Expense $25$, Postage Expense $45$, Printing Expense $20$, Miscellaneous Expense $30$, Supplies $30$; Credit Cash $150$.

Date	Accounts and Explanation	Debit	Credit
	Postage Expense	$45$
	Printing Expense	$20$
	Miscellaneous Expense	$30$
	Supplies	$30$
	Cash		$150$
	(To replenish petty - cash fund)

Answer:

The journal entry is as shown in the table above.