Multiple Choice
Sam's Tutoring Service's $480 petty cash fund has a shortage of $3. The facts are: $210 in valid receipts for expenses; $477 in coins and currency. The journal entry to replenish the petty cash fund would include a:
A) credit to Cash for $210.
B) credit to Petty Cash for $213.
C) credit to Cash Short and Over for $3.
D) debit to Cash Short and Over for $3.
Correct Answer:
Verified
Correct Answer:
Verified
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