Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A $ 2 3 0 petty cash fund has petty cash on hand of $ 2 5 and receipts of $ 1 9 9 .

A $230 petty cash fund has petty cash on hand of $25 and receipts of $199. The journal entry to replenish the fund would include a credit to
a. Cash Short and Over for $6
b. Cush for $25.
c. Cash for $205.
d. Petty Cash for $224
image text in transcribed

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

Recommended Textbook for

Information For Decision Making Readings In Cost And Managerial Accounting

Authors: Alfred Rappaport

2nd Edition

0134643887, 978-0134643885

More Books

Students also viewed these Accounting questions

Question

6.5 Identify at least 10 methods used for external recruitment.

Answered: 1 week ago

Question

6.6 Explain two strategies used to recruit nonpermanent staff.

Answered: 1 week ago