Question
(LO 4) Assume that the custodian of a $780 petty cash fund has $172.50 in coins and currency plus $580.50 in receipts at the end
(LO 4) Assume that the custodian of a $780 petty cash fund has $172.50 in coins and currency plus $580.50 in receipts at the end of the month. The entry to replenish the petty cash fund will include:
Multiple Choice
A debit to Cash for $554.
A debit to Cash Over and Short for $27.00.
A debit to Petty Cash for $580.50.
A credit to Cash for $580.50.
A credit to Cash Over and Short for $608.
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Industrial Organizational Psychology An Applied Approach
Authors: Michael Aamodt
7th Edition
1111839972, 9781111839970
