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A $150 Petty Cash Fund Has Cash of $54 and Receipts

Question 78

Multiple Choice

A $150 petty cash fund has cash of $54 and receipts of $83. The journal entry to replenish the account would include a

A) credit to Petty Cash for $29
B) debit to Cash for $83
C) debit to Cash Short and Over for $13
D) credit to Cash for $54

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