Multiple Choice
If a petty cash fund is established in the amount of $200, and contains $118 in cash and $85 in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credits to which of the following accounts?
A) Petty Cash, $85.
B) Petty Cash, $82.
C) Cash, $82; Cash Over and Short, $3.
D) Cash, $82.
Correct Answer:
Verified
Correct Answer:
Verified
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