Multiple Choice
If a petty cash fund is established in the amount of $250, and contains $150 in cash and $95 in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credits to the following accounts
A) Petty Cash, $75.
B) Petty Cash, $100.
C) Cash, $95; Cash Over and Short, $5.
D) Cash, $100.
Correct Answer:
Verified
Correct Answer:
Verified
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