Question
A $116 petty cash fund has cash of $24 and receipts of $79. Which of the following would be part of the journal entry to
A $116 petty cash fund has cash of $24 and receipts of $79. 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 $13
credit to Petty Cash for $79
credit to Cash for $116
debit to Cash for $24
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
Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
