Short Answer
When making a payment from the petty cash fund for postage stamps, the following journal entry is made.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q44: A company maintains the asset account, Cash
Q56: The safeguarding of assets is an objective
Q66: indicate how each of the items listed
Q68: Match the principle of internal control to
Q69: Only large companies need to be concerned
Q71: Unicycle Company developed the following reconciling information
Q72: Compute Whiz Company's adjusted cash balance per
Q74: Listed below are seven errors or problems
Q111: A bank may issue a credit memorandum
Q216: Electronic Funds Transfer (EFT) is a disbursement