Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please be careful on this Assume that the custodian of a $450 petty cash fund has $6130 in coins and currency plus $383.50 in receipts

please be careful on this image text in transcribed
image text in transcribed
Assume that the custodian of a $450 petty cash fund has $6130 in coins and currency plus $383.50 in receipts at the end of the month. The entry to replenish the petty cash fund will include: Multiple Choice O A credit to Cash Over and short for $5.20 O A credit to Cosh for $38870 O A debit to Cash for $388.70 A debit to Cash for $378 30 Multiple Choice O A credit to Cash Over and Short for $5 20. Acredit to Cash for $388.70 O A debit to Cash for $388.70 A debit to Cash for $378.30 C) A debit to Petty Cash for $383 50

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How To Beat The IRS At Its Own Game Strategies To Avoid And Fight An Audit

Authors: Amir D Aczel

1st Edition

1568580487, 978-1568580487

More Books

Students also viewed these Accounting questions