Produce the Entry to Replenish Petty Cash Using the Following

question 78

Essay

Produce the entry to replenish petty cash using the following information:
Cash in box $25
Balance of petty cash account 200
Valid receipts in box
Postage 45
Office Supplies 60
Withdrawals by owner 50
Invoice from courier 20

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Definitions:

Face Value

The nominal value printed on a bond or share, representing its legal value rather than market value.

Bond Discount

The difference when bonds are sold for less than their face value, indicating investors require a higher yield due to perceived risks or interest rates being higher than the bond's rate.

Accrued Interest

Interest that has been incurred but not yet paid, often relating to bonds or loans.

Semiannual Interest Expense

Interest expense that is due or accrued every six months on outstanding debts.