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A company plans to decrease a $200 petty cash fund to $75. The current balance in the account includes $35 in receipts and $165 in
A company plans to decrease a $200 petty cash fund to $75. The current balance in the account includes $35 in receipts and $165 in currency. The entry to reduce the size of the petty cash fund will include a:
a. credit to Cash for $90.
b. debit to Petty Cash for $75.
c. debit to Petty Cash for $35.
d.debit to Cash for $90.
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