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Assume that the custodian of a $450 petty cash fund has $61.90 in coins and currency plus $383.00 in receipts at the end of the

Assume that the custodian of a $450 petty cash fund has $61.90 in coins and currency plus $383.00 in receipts at the end of the month. The entry to replenish the petty cash fund will include:

Multiple Choice

  • A credit to Cash for $388.10.

  • A debit to Petty Cash for $383.00.

  • A debit to Cash for $388.10.

  • A debit to Cash for $377.90.

  • A credit to Cash Over and Short for $5.10.

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