A check is written to replenish a $100 petty cash fund when the fund contains receipts of
Question:
A check is written to replenish a $100 petty cash fund when the fund contains receipts of $94 and $3 in cash. In recording the check,
a. Cash Over and Short should be debited for $3.
b. Petty Cash should be debited for $94.
c. Cash should be credited for $94.
d. Petty Cash should be credited for $3.
SO 6)
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Related Book For
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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