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On June 1, 2012, Zain Company established a petty cash fund by issuing a check for 750 to Luna, the custodian of the petty
On June 1, 2012, Zain Company established a petty cash fund by issuing a check for 750 to Luna, the custodian of the petty cash fund. On June 31, 2020, Luna submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there is 25 cash in the fund: Freight-In 249 Entertainment of clients 186 Supplies Expense 195 Postage Expense 75 The journal entry to replenish the account would include a A. credit to Cash for 750. B. debit to Cash for 705. C. debit to Cash Over and Short for 10. D. credit to Petty Cash for 705.
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