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A $135 Petty Cash Fund Has Cash of $18 and Receipts

Question 51

Multiple Choice

A $135 petty cash fund has cash of $18 and receipts of $120. The journal entry to replenish the account would include a

A) credit to Petty Cash for $120
B) debit to Cash for $120
C) credit to Cash Short and Over for $3
D) credit to Cash for $102

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