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Examine the journal entries below, and select the correct journal entry description by using the drop-down pick list available from within each boxed area. A
Examine the journal entries below, and select the correct journal entry description by using the drop-down pick list available from within each boxed area. A correct selection will turn the box green. GENERAL JOURNAL GENERAL JOURNAL What is the Journal entry to establish a $2500 petty cash? Replenish petty cash, net of $15 excess cash Question 3 2 pts What is this Journal Entry for? Petty Cash 750 Cash 750 To decrease the amount of petty cash by $750 To increase the amount of petty cash by $750 To spend from petty cash by $750 To recognize Expense for $750 Question 4 2 pts Supplies Expense 485 Miscellaneous Expense 750 Cash Short (Over) 15 Cash 1,220 To decrease the amount of petty cash by $15 Replenish petty cash, net of $15 excess cash To increase the amount of petty cash by $15 Replenish petty cash fund, and $15 cash shortage When using a petty cash system, the replenishment of the fund would normally include a debit to: None of the above. Accounts Receivable Cash Petty Cash
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