On May 1, 2014, Vuitton Company Established a Petty Cash

Multiple Choice

On May 1, 2014, Vuitton Company established a petty cash fund by issuing a check for €500 to Antoinette Mercier, the custodian of the petty cash fund. On May 31, 2014, Mercier submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there is €20 cash in the fund: The journal entry to replenish the account would include a

A) debit to Cash Over and Short for €10.
B) credit to Petty Cash for €470.
C) debit to Cash for €470.
D) credit to Cash for €500.