Question
If a petty cash fund is established in the amount of $336, and contains $196 in cash and $129 in receipts for disbursements when it
If a petty cash fund is established in the amount of $336, and contains $196 in cash and $129 in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credits to the following accounts
a) Cash, $129; Cash Over and Short, $11. b) Cash, $140. c) Petty Cash, $140. d) Petty Cash, $98.
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Financial Accounting
Authors: Robert F. Meigs, Jan R. Williams, Mark S. Bettner, Susan F. Haka, Sue Haka
11th Edition
0072516682, 978-0072516685
