Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A petty cash fund was establish with a 350 dollars balance. It currently has cash of 41 dollars and petty cash tickets totaling. Which of

A petty cash fund was establish with a 350 dollars balance. It currently has cash of 41 dollars and petty cash tickets totaling. Which of the following would be included in the entry to replenish the fund ?

a) a credit to cash for $309

b) a credit to Petty Cash for $309

c) a debit to Petty Cash for $41

d) a credit to Cash for $41

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions