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K A petty cash fund was established with a $525 balance. It currently has cash of $70 and petty cash tickets as shown below:
K A petty cash fund was established with a $525 balance. It currently has cash of $70 and petty cash tickets as shown below: Travel expense Office supplies expense Equipment rental expense $100 315 40 Which of the following would be the journal entry to replenish the Petty Cash account? A debit Cash $70; credit various expenses $70 B. debit various expenses $455; credit Cash $455 OC. debit various expenses $455; credit Petty Cash $455 D. credit Petty Cash $455; debit Cash $455
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