Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

thank you! A company needs to replenlsh its $500 petty cash fund. Its petty cashbox has $75 cash and petty cash recelpts of $430. The

thank you!
image text in transcribed
A company needs to replenlsh its $500 petty cash fund. Its petty cashbox has $75 cash and petty cash recelpts of $430. The joumal entry to replenish the fund includes: A debit to Cash Over and Short for $5 A credit to Cash for $75 A credit to Petty Cash for $420 A debir to Expense accounts for $430 A company needs to replenlsh its $500 petty cash fund. Its petty cashbox has $75 cash and petty cash recelpts of $430. The joumal entry to replenish the fund includes: A debit to Cash Over and Short for $5 A credit to Cash for $75 A credit to Petty Cash for $420 A debir to Expense accounts for $430

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

Im Just A Girl Who Loves Auditing And Coffee

Authors: Michael Happiness

1st Edition

B08HT8643K, 979-8684238604

More Books

Students also viewed these Accounting questions

Question

2. Do the easy questions first.

Answered: 1 week ago

Question

state what is meant by the term performance management

Answered: 1 week ago