Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A $150 petty cash fund has cash of $64 and valid receipts for $75. The entry to replenish the fund would be: Various Expenses 75

A $150 petty cash fund has cash of $64 and valid receipts for $75. The entry to replenish the fund would be:

Various Expenses 75

Cash Short or Over 11

Cash 86

Cash 86

Various Expenses 75

Cash Short or Over 11

Cash 64

Petty Cash 64

Petty Cash 86

Cash 86

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

Students also viewed these Accounting questions

Question

BPR always involves automation. Group of answer choices True False

Answered: 1 week ago