The entry to establish the petty cash fund was not completed. This wouldcause:

a. cash to be understated

b. cash to be overstated

c. assets to be understated

d. assets to be overstated

The entry to replenish a $300 petty cash fund, which has cash of $140 and valid receipts for $148, would include:

a. a credit to Cash for $160

b. a debit to Petty Cash for $160

c. a credit to Cash for $148

d. a credit to Petty Cash for $148

Vanessa's gymnastics' cash register tapes do not agree with cash receipts. The facts are: total cash register tapes $400; total coins and currency $404. The summary journal entry to record the day's transaction would include a:

a. $400 debit to cash; $4 debit to Cash Short/Over; and $404 credit to Sales.

b. $404 debit to cash; $4 credit to Cash Short/Over; and $400 credit to Sales.

c. $404 debit to Cash and $404 credit to Sales.

d. $400 debit to Cash and $400 credit to Sales.