Question
A $109 petty cash fund has cash of $20 and receipts of $78. Which of the following would be part of the journal entry to
A $109 petty cash fund has cash of $20 and receipts of $78. Which of the following would be part of the journal entry to replenish the account?
Select the correct answer.
debit to Cash Short and Over for $11
debit to Cash for $20
credit to Cash for $109
credit to Petty Cash for $78
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Statement Fraud Casebook Baking The Ledgers And Cooking The Books
Authors: Joseph T. Wells
1st Edition
0470934417, 978-0470934418
