Table 8-2
the Petty Cash Fund Had the Following Petty

question 77

Essay

Table 8-2
The petty cash fund had the following petty cash ticket: $$\begin{array} { l r } \text { Paper for photocopier } & \$ 100 \\\text { Miscellaneous expense } & 20 \\\text { Freight on inventory purchased. } & 22 \\\text { Postage expense } & \underline{47} \\&\underline{\$ 189}\end{array}$$
-Refer to Table 8-2. Assume that the business has established a petty cash fund in the amount of $200 and that the amount of cash in the fund at the time of replenishment is $8. The business uses a perpetual inventory system.
Prepare the entry to replenish the fund on March 31.

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Definitions:

Peer Pressure

The pressure from a peer group that motivates individuals to modify their attitudes, values, or actions so that they align with the standards of the group.

Potential Productivity

The maximum output a person or system can produce under ideal conditions, often influenced by resources, skills, and environmental factors.

Social Psychologist

A professional who studies how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Bureaucracies

Organized administrative systems governed by a set of formal rules and procedures, often employed by large organizations or governments.