Solved

A Petty Cash Fund Was Established with a $400 Balance

Question 119

Multiple Choice

A petty cash fund was established with a $400 balance. It currently has cash of $15 and petty cash slips as shown below. A petty cash fund was established with a $400 balance. It currently has cash of $15 and petty cash slips as shown below.   The journal entry to replenish the account would be which of the following? A) Credit Cash short and over for $5 B) Debit Petty cash fund $5 C) Credit Petty cash fund $5 D) Debit to Cash short and over for $5 The journal entry to replenish the account would be which of the following?


A) Credit Cash short and over for $5
B) Debit Petty cash fund $5
C) Credit Petty cash fund $5
D) Debit to Cash short and over for $5

Correct Answer:

verifed

Verified

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

Related Questions