Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Appleton entity established a $200 Petty Cash fund on June 1, 200X On June 30, 200x the fund had $40 in cash and the
The Appleton entity established a $200 Petty Cash fund on June 1, 200X On June 30, 200x the fund had $40 in cash and the following receipts: Delivery Expense $75, Office Supplies expense $55, and Postage expense $25. The entry to replenish the fund is O A. DR Cash 160; CR Petty cash 160 O B. DR Petty Cash 160: CR Cash 160 o c. DR Delivery Expense 75, Office Supsplies Expense 55 Postage Expense 25, cash Over & Short 5; DR Cash 160 D.DR Cash 160, CR Delivery Expense 75, Office Supplles Expense 55, Postage Expense 25, Cash Over&Short
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started