Petty Cash Fund Journal Entries
Journal Entry to Either Setup a Petty Cash Fund
or Increase the Amount Kept in a Petty Cash Fund
Journal Entry
Description Account Titles Dr Cr
The following is the journal Petty Cash XXX
entry to either setup or Cash XXX
increase a petty cash fund.
When you start a petty cash
fund you must put an amount of money into
a cash box. When you increase the amount
of cash kept in the box a journal entry must
be made to the petty cash account.
Journal Entries to Reimburse the Pretty Cash Fund
The only other type of journal entry is to replace the money you spend on small bills during the
month. You must record as an expense what you spent the money on and replace the cash in the
box.
This journal entry is used when the cash in Postage Expense XXX
the box and the receipts add up to the exact Freight-out Expense XXX XXX
amount in the petty cash fund account. Office Supplies Expense XXX
Miscellaneous Expense
Cash XXX
This journal entry is used when the cash in Postage Expense XXX
the box and the receipts add up to less than Freight-out Expense XXX
what is in the petty cash fund account. Office Supplies Expense XXX
Miscellaneous Expense XXX
This is referred to as Cash Short. Cash over or short XXX
Cash XXX
This journal entry is used when the cash in Postage Expense XXX
the box and the receipts add up to more Freight-out Expense XXX
than what is in the petty cash fund account. Office Supplies Expense XXX
Miscellaneous Expense XXX
This is referred to as Cash Over Cash over or short XXX
Cash XXX
Revised 5/2015 MJC Page 1