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NEED HELP ASAP Question 28 On March 1, Hsu Imports established a petty cash fund of $325. The journal entry to record the replenishment of

NEED HELP ASAP

Question 28

On March 1, Hsu Imports established a petty cash fund of $325. The journal entry to record the replenishment of the fund for $290 at the end of March includes:

No journal entry is required; journal entries are only needed when the petty cash fund is created or discontinued

A debit to Petty Cash of $290.

A credit to Cash of $290.

A debit to various expense of $35.

3 points

Question 29

The entry to replenish a petty cash fund includes a credit to

Petty Cash.

Cash.

Freight-in.

Postage Expense.

3 points

Question 30

A bank may issue a credit memorandum for

a bank service charge.

an NSF (not sufficient funds) check from a customer.

the collection of a note receivable for the depositor by the bank.

the cost of printing checks.

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