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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
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
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