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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 Chiappetta
22nd edition
9781259566905, 978-0-07-76328, 77862279, 1259566900, 0-07-763289-3, 978-0077862275
