Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A petty cash fund was established with a $400 balance. It currently has cash of $8 and petty cash tickets as shown below. Travel expense

image text in transcribed
A petty cash fund was established with a $400 balance. It currently has cash of $8 and petty cash tickets as shown below. Travel expense Office supplies Equipment rental expense $120 $200 $70 The journal entry to replenish the account would be which of the following? O A) Debit to Cash short & over for $2 O B) Credit Cash short & over for S2 O c) Debit Petty cash fund $2 D) Credit Petty cash fund $2

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

Modernize Your Audit Department Five Critical Areas For Improvement

Authors: Toby DeRoche

1st Edition

B08FKW8B91, 979-8674160274

More Books

Students also viewed these Accounting questions

Question

=+2. What are two other names for observational learning?

Answered: 1 week ago