When Making a Payment from the Petty Cash Fund for Postage

question 43

Short Answer

When making a payment from the petty cash fund for postage stamps the following journal entry is made. a.
$\begin{array}{lrr} \text {Supplies. } &\text { XXXX }\\ \text { Petty Cash } &&\text { XXXX }\\\end{array}$

b.
$\begin{array}{lrr} \text {Postage Expense. } &\text { XXXX }\\ \text {Petty Cash } &&\text { XXXX }\\\end{array}$

c.
$\begin{array}{lrr} \text {Miscellaneous Expense } &\text { XXXX }\\ \text { Petty Cash } &&\text { XXXX }\\\end{array}$

d. $\begin{array}{lrr} \text {No entry is made } &\\\end{array}$

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Definitions:

Two-Spirit

A term used by some Indigenous North American cultures to describe a person who embodies both masculine and feminine spirits, often seen as a distinct gender identity.

Hijras

A traditional third gender or transgender community in South Asia, often described as eunuchs.

Non-Western Cultures

Cultures that originate outside the Western world, encompassing a diverse range of traditions, values, and practices.

Intersex Society

A term that may not represent a coherent societal group but pertains to individuals with physical sex characteristics that do not fit typical binary notions of male or female bodies.