Tiff Hanover set up a petty cash fund of $500 on July 5, 2022. On July 31st, the petty cash box contained receipts of expenses totaling $400. There was also $88 cash left in the fund. In addition, the size of the petty cash fund was decreased to $400.

Complete the journal entry that represents the replenishment and the decrease of the fund on July 31st.

Debit:

Debit:

Credit:

Credit:

Choose... Petty Cash 50 Various expenses 400 Cash 400 Cash 500 Cash 88 Petty Cash 312 Cash over/short 0 Cash over/short 12 Petty Cash 100 Cash 312 Cash 100 Various expenses 500