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A $50 Petty Cash Fund Has Cash of $20 and Valid

Question 53

Multiple Choice

A $50 petty cash fund has cash of $20 and valid receipts for $40.The entry to replenish the fund would include a:

A) credit to Cash for $30.
B) credit to Cash for $40.
C) credit to Petty Cash for $30.
D) debit to Petty Cash for $40.

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