Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A $ 1 3 5 petty cash fund has cash of $ 2 8 and receipts of $ 1 1 0 . The journal entry

A $135 petty cash fund has cash of $28 and receipts of $110. The journal entry to replenish the account would include a
credit to Petty Cash for $110.
debit to Cash for $110.
credit to Cash Over and Short for $3.
credit to Cash for $82.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computer Accounting With QuickBooks Pro 2010

Authors: Donna UlmerDonna Kay

12th Edition

0077408756, 9780077408756

More Books

Students also viewed these Accounting questions