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A company has a petty cash fund of $25. At the end of the month, petty cash LO9 includes the following: Currency and coins. .........................................................

A company has a petty cash fund of $25.

At the end of the month, petty

cash

LO9

includes the following:

Currency and coins.

.........................................................

1.50

Receipted vouchers for:

Postage.

......................................................................

6.00

Travel.

.........................................................................

7.50

Donation to charity.

.....................................................

10.00

$25.00

Which of the following is the correct entry to simultaneously reimburse the

fund and increase it to $100?

a. Petty Cash.

............................................................

100.00

Cash.

................................................................

100.00

b. Petty Cash.

............................................................

98.50

Cash.

................................................................

98.50

Postage.

................................................................

6.00

Travel .

...................................................................

7.50

Donations.

.............................................................

10.00

Cash.

................................................................

23.50

d. Petty Cash.

............................................................

75.00

Postage.

................................................................

6.00

Travel .

...................................................................

7.50

Donations.

.............................................................

10.00

Cash.

................................................................

98.50

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