A company wants to decrease its $200.00 petty cash fund to $125.00. The entry to reduce the fund is:

Multiple Choice

• Debit Petty Cash for $125.00; debit Cash Over and Short $183.00; credit Cash $200.00.

• Debit to Cash $75.00; credit Petty Cash $75.00.

• Debit Miscellaneous Expenses $17.00; credit Cash $17.00.

• Debit Petty Cash $58.00; credit Cash $58.00.

• Debit Cash Over and Short for $8.00; credit Petty Cash $8.00.