On 1/3/2020, Green Commercial Company established a petty cash fund of JD 225 which was paid in cash to the custodian. The establishment entry was recorded on that date. However, on 2/3/2020, before using this petty cash fund by the custodian, the company decided to change the amount of the petty cash to JD 200.

1- The entry that should be recorded on 2/3/2020 would include:

A- Credit to Cash for JD 200

B- Credit to Cash Over and Short for JD 35

C- Credit to Petty Cash for JD 25

D- Credit to Petty Cash for JD 200

2- On 20/3/2020 the petty cash fund has cash of JD 40 and receipts of JD 160. The journal entry to replenish the account would include a:

a. Debit to Cash for JD 160.

b. Credit to Cash for JD 160.

c. Credit to Cash Over and Short for JD 160.

d. Credit to Petty Cash for JD 160