Question
A check is written to replenish a $100 petty cash fund when the fund contains $3 of cash and $94 of receipts. Which of the
A check is written to replenish a $100 petty cash fund when the fund contains $3 of cash and $94 of receipts. Which of the following is one part of the entry to be used in recording the check to replenish?
a) Petty Cash will be debited for $94
b) Cash will be credited for $94
c) Petty Cash will be credited for $3
d) Cash Over and Short will be debited for $3
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry I. Wolk, James L. Dodd, John J. Rozycki
9th edition
9781483375014, 1483375013, 9781506300108, 1506300103, 978-1483375021
