A company has a petty cash fund amount of $200. When replenished, it has petty cash receipts of $32 for gas expense, $33 for postage expense, $14 for supplies expense, and $9 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal entry, Cash would be credited for .

$88

Explanation:

Petty cash is a small amount of fund which is kept in the business for day to day expenses. Cash is issued from this fund for daily small expense which is not possible to withdraw from the bank by check.

The Journal Entry will be as follow

                                          Dr.    Cr.

Gas expense                    $32

Postage expense             $33

Supplies expense            $14

Miscellaneous expenses $9

Cash                                        $88

Cash will be credited against all these expenses.

decentralization can the employees to get more involved in the business decision making