A petty cash fund was established with a $200 balance. It currently has cash of $40 and petty cash tickets as follows: Office expense $150 and Entertainment Expense $20. Which of the following would be included in the journal entry to replenish the Petty Cash fund? A. credit to Cash Short & Over for $30 B. debit to Cash Short & Over for $10 C. debit to Cash Short & Over for $30 D. credit to Cash Short & Over for $10
A petty cash fund was established with a $200 balance. It currently has cash of $40 and petty cash tickets as follows: Office expense $150 and Entertainment Expense $20. Which of the following would be included in the journal entry to replenish the Petty Cash fund? A. credit to Cash Short & Over for $30 B. debit to Cash Short & Over for $10 C. debit to Cash Short & Over for $30 D. credit to Cash Short & Over for $10
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 6SEB
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