Question
A petty cash fund was established with a $600 balance. It currently has cash of $45 and petty cash tickets as shown below: Travel Expense
A petty cash fund was established with a $600 balance. It currently has cash of $45 and petty cash tickets as shown below:
Travel Expense $120
Office Supply Expense $250
Equipment Rental Expense $100
Which of the following would be included in the journal entry to replenish the Petty Cash fund?
| A | debit to Cash Short & Over for $85 | |
| B | credit to Petty Cash for $85 | |
| C | credit to Cash Short & Over for $85 | |
| D | debit to Petty Cash for $85 |
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169
