Question

The following was paid out of the Petty Cash account: $400 for Store Supplies $200 for Postage Expense After counting the cash that is left in Petty Cash, $560 is needed to replenish the Petty Cash back to the original balance.

Answer 1

Debit Office Supplies for $200.-

Delivery Expense for $100, and cash short and over for 20.Then credit cash for 320.-