Assume that the custodian of a $720 petty cash fund has $152.50 in coins and currency plus
Fantastic news! We've Found the answer you've been seeking!
Question:
Assume that the custodian of a $720 petty cash fund has $152.50 in coins and currency plus $544.50 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 $544.50. A debit to Petty Cash for $544.50. A credit to Cash Over and Short for $568. A debit to Cash for $522 A debit to Cash Over and Short for $23.00
Related Book For
Accounting Information Systems
ISBN: 9780132871938
11th Edition
Authors: George H. Bodnar, William S. Hopwood
Posted Date: