Multiple Choice
A petty cash fund was established with a $200 balance. It currently has cash of $35 and petty cash tickets as follows: Office expense $130 and Entertainment Expense $50. Which of the following would be included in the journal entry to replenish the Petty Cash fund?
A) debit to Cash Short & Over for $20
B) credit to Cash Short & Over for $15
C) credit to Cash Short & Over for $20
D) debit to Cash Short & Over for $15
Correct Answer:
Verified
Correct Answer:
Verified
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