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Crane Company established a $77 petty cash fund on July 1. On July 30, the fund had $8 cash remaining and petty cash receipts for
Crane Company established a $77 petty cash fund on July 1. On July 30, the fund had $8 cash remaining and petty cash receipts for postage $13, office supplies $11, and deliveries $45. Crane's 7/30 entry includes a O credit to Petty Cash, $69. debit to Postage Expense, $13. debit to Petty Cash, $69. debit to Cash, $69. If a check correctly written and paid by the bank for $842 is incorrectly recorded on the company's books for $824, the appropriate treatment on the bank reconciliation would be to O deduct $18 from the bank's balance. O add $18 to the book's balance. O deduct $842 from the book's balance. O deduct $18 from the book's balance
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