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A $90 petty cash fund has cash of $16 and receipts of $72. The journal entry to replenish the account would include a credit
A $90 petty cash fund has cash of $16 and receipts of $72. The journal entry to replenish the account would include a credit to Cash for $72. debit to Cash Over and Short for $2. credit to Petty Cash for $74. debit to Cash for $72.
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