Question
Brown Industries plans to decrease a $380 petty cash fund to $165. The current balance in the account includes $125 in receipts and $345 in
Brown Industries plans to decrease a $380 petty cash fund to $165. The current balance in the account includes $125 in receipts and $345 in currency. The entry to reimburse and reduce the size of the petty cash fund will include
Multiple Choice
a. Credit to Cash for $190.
b. Debit to Cash for $190.
c. Debit to Petty Cash for $135.
d. Debit to Petty Cash for $175.
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Debit to Cash 190 345 is ...
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
