Question
A petty cash fund was established with a $250 balance. It currently has cash of $40 and petty cash tickets as follows: Office expense $150
A petty cash fund was established with a $250 balance. It currently has cash of $40 and petty cash tickets as follows: Office expense $150 and Entertainment Expense $75. Which of the following would be included in the journal entry to replenish the Petty Cash fund?
| debit to Cash Short & Over for $25 |
| credit to Cash Short & Over for $15 |
| credit to Cash Short & Over for $25 |
| debit to Cash Short & Over for $15 |
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Financial Statement Analysis And Earnings Forecasting In Accounting
Authors: Steven J Monahan
1st Edition
1680834509, 978-1680834505
