How to Put Petty Cash on an Accounting Worksheet
Petty cash is an account that contains physical currency that a company uses to pay small expenses, such as postage stamps. The amount of the petty cash account in your accounting records remains the same unless you increase its base amount. You can add the amount of your petty cash account to your cash account balance and put the result on an accounting worksheet along with your other account balances. An accounting worksheet lists a company's accounts in rows and balances in columns, which a company uses to prepare informal financial statements.
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Instructions
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Add the petty cash account balance in your accounting records to the cash account balance in your accounting records. For example, if your petty cash account balance is $1,000 and your cash account balance is $20,000, add $1,000 to $20,000, which equals a $21,000 total cash balance.
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Write "Cash" in the accounts column on the first row of the accounting worksheet.
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Write the total cash balance in the debit column of the "trial balance" set of columns, which is the first set of columns to the right of the accounts column. Amounts in the debit columns of the accounting worksheet represent a positive amount for cash. For example, write "$21,000" in the debit column of the trial balance set of columns.
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Write the total cash balance in the debit column of the "adjusted trial balance" set of columns, which is the third set of columns to the right of the accounts column. For example, write "$21,000" in the debit column of the adjusted trial balance set of columns.
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Write your cash account balance in the debit column of the "balance sheet" set of columns, which is the last set of columns on the right side of the worksheet. This shows the effect of your positive cash balance, which includes your petty cash balance, on your balance sheet. For example, write "$21,000" in the debit column of the balance sheet set of columns.
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