Question
A $74 petty cash fund has cash of $25 and receipts of $37. The journal entry to replenish the account would include a Oa.
A $74 petty cash fund has cash of $25 and receipts of $37. The journal entry to replenish the account would include a Oa. debit to Cash Short and Over for $12. Ob. credit to Petty Cash for $37.- Oc. debit to Cash for $25. Od. credit to Cash for $74.
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
1259536351, 978-1259536359
