Question
1. A petty cash fund of $500 is established on October 1. The entry to journalize this transaction is debit __________ and credit __________. Petty
1. A petty cash fund of $500 is established on October 1. The entry to journalize this transaction is debit __________ and credit __________.
Petty Cash; Cash
Cash; Petty Cash
Petty Cash Expense; Cash
Retained Earnings; Petty Cash
2. Replenishing the petty cash fund requires a __________ to __________.
debit; Cash
credit; Cash
debit; Petty Cash
credit; Petty Cash
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Managerial Accounting
Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson
9th Edition
0538842822, 978-0538842822
