Solved

Determine the Cash Short (-) or Over (+) Given the Following

Question 110

Short Answer

Determine the cash short (-) or over (+) given the following:
The balance per the Petty Cash account $75.
The count of coin and currency amounts to $22.
There are receipts: for gas of $9, for office supplies of $18, for first aid supplies $14.

Correct Answer:

verifed

Verified

$12 short ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q105: An error in recording a $51 deposit

Q106: Outstanding cheques<br>A) have been subtracted on the

Q107: What type of an account is the

Q108: Prepare the required journal entries from the

Q109: When a deposit is completed it should

Q111: Petty Cash is used to provide cash

Q112: When completing a bank reconciliation, explain why

Q113: A deposit receipt usually separates cheques deposited

Q114: The entry to replenish a $200 petty

Q115: The auxiliary petty cash record is not