At the time of payment, what journal entry is required to record a petty cash disbursement for postage?
A)Debit Postage Expense, credit Petty Cash.
B)Debit Postage Expense, credit Cash.
C)Debit Petty Cash, credit Cash.
D)No journal entry is required.

Question

Quizplus · Accepted Answer

The Answer of At the time of payment, what journal entry is required to record a petty cash disbursement for postage?
A)Debit Postage Expense, credit Petty Cash.
B)Debit Postage Expense, credit Cash.
C)Debit Petty Cash, credit Cash.
D)No journal entry is required.

At the Time of Payment, What Journal Entry Is Required