College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570



College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

When the Petty Cash account is replenished at the end of the month, the journal entry includes which of the following?

  1. a. Debit to Cash
  2. b. Debit to Petty Cash
  3. c. Credit to Cash
  4. d. Credit to an Expense Account
  5. e. Credit to a Revenue Account

To determine

Find the correct option, the option that indicates the correct journal entry for the given transaction.


Journal entry: Journal entry is a set of economic events which can be measured in monetary terms. These are recorded chronologically and systematically.

Debit and credit rules:

  • Debit an increase in asset account, increase in expense account, decrease in liability account, and decrease in stockholders’ equity accounts.
  • Credit decrease in asset account, increase in revenue account, increase in liability account, and increase in stockholders’ equity accounts.

Prepare journal entry to record the reimbursement of petty cash fund.

DateAccount Titles and ExplanationsRef.Debit ($)Credit ($)
  Expense  XX 

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

Distinguish between direct and indirect labor.

College Accounting, Chapters 1-27

What is the purpose of accounting?

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

ADJUSTING COST OF CAPITAL FOR RISK Ziege Systems is considering the following independent projects for the comi...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)