Prepare the Entry to Replenish the $200 Petty Cash Fund

question 79

Essay

Prepare the entry to replenish the $200 petty cash fund of Kruger Company, assuming the fund has receipts for: freight-out $60, postage $105, and miscellaneous expense $20. The fund contains $10 in cash.

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Definitions:

Reliable

Capable of being trusted to do or provide what is needed; dependable.

Ethical Guideline

Standards of conduct that govern professional practice, intended to ensure the dignity, integrity, and rights of all involved parties.

American Psychological Association

A prominent organization in the United States that represents the field of psychology, committed to enhancing the development, dissemination, and utilization of psychological insights for the betterment of society.

Debriefing

A process wherein experimental participants are given a full explanation of the experiment upon its completion, including its purpose and any deceptions, to resolve any ethical concerns.