Question
Sam's TutoringService's $500 petty cash fund has a shortage of$4. The factsare: $180 in valid receipts forexpenses; $316 in coins and currency. The journal entry
Sam's TutoringService's $500 petty cash fund has a shortage of$4. The factsare: $180 in valid receipts forexpenses; $316 in coins and currency. The journal entry to replenish the petty cash fund would includea:
A.debit to Cash Short and Over for$4.
B.credit to Cash for$180.
C.credit to Petty Cash for$184.
D.credit to Cash Short and Over for$4.
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
9th edition
125956455X, 978-1259564550
