Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A $119 petty cash fund has cash of $23 and receipts of $102. Which of the following would be part of the journal entry to
A $119 petty cash fund has cash of $23 and receipts of $102. Which of the following would be part of the journal entry to replenish the account?
Select the correct answer.
credit to Petty Cash for $102
debit to Cash for $23
credit to Cash Short and Over for $6
credit to Cash for $119
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