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A Petty Cash Fund Was Established with a $500 Balance

Question 132

Multiple Choice

A petty cash fund was established with a $500 balance.It currently has cash of $19 and petty cash tickets as shown below. A petty cash fund was established with a $500 balance.It currently has cash of $19 and petty cash tickets as shown below. Which of the following would be the journal entry to replenish the Petty Cash account? A) debit to Cash Short & Over for $1 B) credit Cash Short & Over for $1 C) debit Petty Cash $1 D) credit Petty Cash $1 Which of the following would be the journal entry to replenish the Petty Cash account?


A) debit to Cash Short & Over for $1
B) credit Cash Short & Over for $1
C) debit Petty Cash $1
D) credit Petty Cash $1

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