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A petty cash fund was established with a $500 balance. It currently has cash of $20 and petty cash tickets as shown below. Travel expense
A petty cash fund was established with a $500 balance. It currently has cash of $20 and petty cash tickets as shown below.
Travel expense $130 Office supplies expense 300 Equipment rental expense 50
Which of the following would be the journal entry to replenish the Petty Cash account? 37) ______ A) credit Petty Cash $480; debit Cash $480 B) debit various expenses $480; credit Petty Cash $480 C) debit various expenses $480; credit Cash $480 D) debit Cash $20; credit various expenses $20
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