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A Petty Cash Fund Was Established with a $390 Balance

Question 15

Multiple Choice

A petty cash fund was established with a $390 balance.It currently has cash of $43 and petty cash tickets totaling $347.Which of the following would be included in the entry to replenish the fund?


A) a credit to Petty Cash for $347
B) a debit to Petty Cash for $43
C) a credit to Cash for $43
D) a credit to Cash for $347

Correct Answer:

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