Multiple Choice
A company has a petty cash fund amount of $300. When replenished, it has petty cash receipts of $30 for gas expense, $32 for postage expense, $16 for supplies expense and $10 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal entry, Cash would be credited with:
A) $88
B) $72
C) $62
D) $78
Correct Answer:
Verified
Correct Answer:
Verified
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