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A Company Has a Petty Cash Fund Amount of $200

Question 3

Multiple Choice

A company has a petty cash fund amount of $200.When replenished,it has petty cash receipts of $15 for gas expense,$23 for postage expense,$18 for supplies expense and $12 for miscellaneous expenses.In the journal entry,Cash would be credited for:


A) $68.
B) $132.
C) $200.
D) $42

Correct Answer:

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