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Assume that the custodian of a $810 petty cash fund has $182.50 in coins and currency plus $598.50 in receipts at the end of the
Assume that the custodian of a $810 petty cash fund has $182.50 in coins and currency plus $598.50 in receipts at the end of the month. The entry to replenish the petty cash fund will include: |
A debit to Cash Over and Short for $29.00.
A debit to Petty Cash for $598.50.
A debit to Cash for $628.
A debit to Cash for $570.
A credit to Cash for $598.50.
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