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A Petty Cash Fund Was Established with a $360 Balance

Question 122

Multiple Choice

A petty cash fund was established with a $360 balance.It currently has cash of $41 and petty cash tickets totalling $319.Which of the following would be included in the entry to replenish the fund?


A) A credit to Cash for $319
B) A credit to Cash for $41
C) A credit to Petty cash for $319
D) A debit to Petty cash for $41

Correct Answer:

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