Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A $100 petty cash fund has cash of $16 and receipts of $82. The journal entry to replenish the account would include a credit to

image text in transcribed
A $100 petty cash fund has cash of $16 and receipts of $82. The journal entry to replenish the account would include a credit to Cash for $82. debit to cash for $82. credit to Petty Cash for $84. debit to Cash Over and Short for $2

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_2

Step: 3

blur-text-image_3

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

Financial Accounting An IFRS Perspective In Romania

Authors: Adriana Dutescu

1st Edition

3030294870, 978-3030294878

More Books

Students also viewed these Accounting questions