A check is written to replenish a $100 petty cash fund when the fund contains receipts of

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A check is written to replenish a $100 petty cash fund when the fund contains receipts of $94 and $2 in cash.

In recording the check:

(a) Cash Over and Short should be debited for $4.

(b) Petty Cash should be debited for $94.

(c) Cash should be credited for $94.

(d) Petty Cash should be credited for $4.

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Accounting Tools For Business Decision Making

ISBN: 9780470534786

4th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 10, 2024 01:06 AM

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A check is written to replenish a $100 petty cash fund when the fund contains receipts of

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Accounting Tools For Business Decision Making

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