A check is written to replenish a ($ 100) petty cash (L0 fund when the fund contains
Question:
A check is written to replenish a \(\$ 100\) petty cash (L0 fund when the fund contains receipts of \(\$ 94\) and \(\$ 4\) in cash. In recording the check:
(a) debit Cash Over and Short for \(\$ 2\).
(b) debit Petty Cash for \(\$ 94\).
(c) credit Cash for \(\$ 94\).
(d) credit Petty Cash for \(\$ 2\).
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9781119316022
8th Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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