Question

question 3 (10 points)

a company set-up a petty cash fund with \\$800. the disbursements are as follows:

office supplies: \\$300
shipping: 50
postage: 30
delivery expense: \\$350

answer the question below based on the above information.

to disburse funds, which account credited?

cash at bank
supplies
postage
petty cash

Explanation:

Identify the transaction type

Using the Petty Cash Fund knowledge point
The question asks which account is credited to disburse funds (replenish the petty cash fund) based on the listed expenditures.

Determine the journal entry components

Using the Journalizing Petty Cash knowledge point

$$
LATEXBLOCK0
$$

Match with the options

Using the Journalizing Petty Cash knowledge point
The account credited during replenishment is Cash (Cash at Bank), which matches the option "Cash at Bank".

Answer:

• (A) Cash at Bank (Correct answer)
• (B) Supplies
• (C) Postage
• (D) Petty Cash