Solved

A Petty Cash Fund, Established with a $225 Balance, Had

Question 139

Multiple Choice

A petty cash fund, established with a $225 balance, had the following petty cash tickets and $14 in cash:  Office supplies $51 Delivery expense 62 Postage expense 94\begin{array} { | l | r | } \hline \text { Office supplies } & \$ 51 \\\hline \text { Delivery expense } & 62 \\\hline \text { Postage expense } & 94 \\\hline\end{array} The entry to replenish the fund would be:


A)  Petty Cash 207 Cash in Bank 207\begin{array} { | c | r | r | } \hline \text { Petty Cash } & 207 & \\\hline \text { Cash in Bank } & & 207 \\\hline\end{array}
B)  Office Supplies 51 Delivery Expense 62 Postage Expense 94 Cash Short and Over 4 Cash in Bank 211\begin{array} { | l | r | r | } \hline \text { Office Supplies } & 51 & \\\hline \text { Delivery Expense } & 62 & \\\hline \text { Postage Expense } & 94 & \\\hline \text { Cash Short and Over } & 4 & \\\hline \text { Cash in Bank } & & 211 \\\hline\end{array}
C)  Office Supplies 51 Delivery Expense 62 Postage Expense 94 Cash in Bank 207\begin{array} { | l | r | r | } \hline \text { Office Supplies } & 51 & \\\hline \text { Delivery Expense } & 62 & \\\hline \text { Postage Expense } & 94 & \\\hline \text { Cash in Bank } & & 207 \\\hline\end{array}
D)  Cash in Bank 211 Petty Cash 211\begin{array} { | c | r | r | } \hline \text { Cash in Bank } & 211 & \\\hline \text { Petty Cash } & & 211 \\\hline\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions