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A Petty Cash Fund Was Established with a $400 Balance

Question 140

Multiple Choice

A petty cash fund was established with a $400 balance. It currently has cash of $9 and petty cash tickets as shown below. A petty cash fund was established with a $400 balance. It currently has cash of $9 and petty cash tickets as shown below. The journal entry to replenish the account would be which of the following: A) Debit to Cash short & over for $1 B) Credit Cash short & over for $1 C) Debit Petty cash fund $1 D) Credit Petty cash fund $1 The journal entry to replenish the account would be which of the following:


A) Debit to Cash short & over for $1
B) Credit Cash short & over for $1
C) Debit Petty cash fund $1
D) Credit Petty cash fund $1

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