A company replenishes its $500 petty cash fund. Its petty cashbox has $75 cash and petty cash

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A company replenishes its $500 petty cash fund. Its petty cashbox has $75 cash and petty cash receipts of $420 in repairs expense. The entry to replenish the fund includes

a. A debit to Cash for $75.

b. A credit to Cash for $75.

c. A credit to Petty Cash for $420.

d. A credit to Cash Over and Short for $5.

e. A debit to Cash Over and Short for $5.

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College Accounting Ch 1-14

ISBN: 9781260904314

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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Question Posted: Jan 16, 2024 04:00 AM

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A company replenishes its $500 petty cash fund. Its petty cashbox has $75 cash and petty cash

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College Accounting Ch 1-14

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