Question
A $82 petty cash fund has cash of $15 and receipts of $60. Which of the following would be part of the journal entry to
A $82 petty cash fund has cash of $15 and receipts of $60. Which of the following would be part of the journal entry to replenish the account?
Select the correct answer.
A. debit to Cash Short and Over for $7
B. debit to Cash for $15
C. credit to Cash for $82
D. credit to Petty Cash for $60
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Financial Accounting Tools For Business Decision Making
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
8th Edition
1119316022, 978-1119316022
