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Assume that the custodian of a $450 petty cash fund has $55.10 in coins and currency plus $390.50 in receipts at the end of the
Assume that the custodian of a $450 petty cash fund has $55.10 in coins and currency plus $390.50 in receipts at the end of the month. The entry to replenish the petty cash fund will include: |
A credit to Cash Over and Short for $4.40.
A credit to Cash for $394.90.
A debit to Cash for $394.90.
A debit to Petty Cash for $390.50.
A debit to Cash for $386.10.
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