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A company plans to decrease a $ 1 , 3 0 0 petty cash fund to $ 4 8 7 . 5 . The current

A company plans to decrease a $1,300 petty cash fund to $487.5. The current balance in the account includes $292.5 in receipts and $1,072.5 in currency. The entry to reduce the fund will include a:
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Debit to Cash for $585.
Credit to Petty_Cash for $1,072.
Debit to Cash Short and Over for $65.
Debit to Miscellaneous Expenses for $228.
Credit to Cash for $585.
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