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A petty cash fund was established with a $600 balance. It currently has cash of $130 and petty cash tickets as shown below: Travel expense
A petty cash fund was established with a $600 balance. It currently has cash of $130 and petty cash tickets as shown below: Travel expense $115 Office supplies expense 310 Equipment rental expense 45 Which of the following would be the journal entry to replenish the Petty Cash account?
.
a credit Petty Cash $470; debit Cash $470
B.
debit various expenses $470; credit Petty Cash $470
C.
debit various expenses $470; credit Cash $470
D.
debit Cash $130; credit various expenses $130
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