Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A $81 petty cash fund has cash of $23 and receipts of $71. The journal entry to replenish the account would include a. credit to

A $81 petty cash fund has cash of $23 and receipts of $71. The journal entry to replenish the account would include

a. credit to Cash Short and Over for $13

b. credit to Petty Cash for $71

c. credit to Cash for $81

d. debit to Cash for $23

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

Financial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

1118334329, 978-1118334324

More Books

Students also viewed these Accounting questions