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Hastings company replenished a $500 petty cash fund. The petty cash box contained vouchers of $87 for postage, $173 for supplies, $58 for gasoline, and
Hastings company replenished a $500 petty cash fund. The petty cash box contained vouchers of $87 for postage, $173 for supplies, $58 for gasoline, and cash on hand of $182. The journal entry to reflect replenishment would include:
I thought the answer would be Credit cash for 318. Not availiable as an answer though.
A. Debit cash 318
B. Credit petty cash 318
C. Credit cash 182
D. debit to expense of 318
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