Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SassyCat, Inc. has a petty cash fund of $270. At the end of the month, $12 remains in the fund along with $265 in various

image text in transcribed

SassyCat, Inc. has a petty cash fund of $270. At the end of the month, $12 remains in the fund along with $265 in various receipts. The journal entry to replenish the fund would be to O A. debit various expenses, $265 and credit Cash for $265 O B. debit Petty Cash for $258 and credit Cash for $258 C. debit various expenses, $265, credit Cash Over for $7 and credit Cash for $258. O D. debit various expenses, $265, debit Cash Short for $7 and credit Cash for $272

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

Microeconomics Theory And Applications

Authors: Edgar K. Browning, Mark A. Zupan

10th Edition

0470128917, 9780470128916

More Books

Students also viewed these Accounting questions

Question

3. Dont make threats or raise your voice.

Answered: 1 week ago

Question

3.4 Define HRIS and describe its main components.

Answered: 1 week ago