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True or False 1. Support for cash-related transactions can be destroyed properly once the financial statements have been prepared. 2. The entry to replenish petty

True or False

1. Support for cash-related transactions can be destroyed properly once the financial statements have been prepared.

2. The entry to replenish petty cash includes a Debit to petty cash and a Credit to cash.

3. A fund set up for the payment of incidental purchase is called a petty cash fund.

4. Any adjustment to the book side of the bank reconciliation because of an item on the bank statement requires a journal entry.

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