Multiple Choice
A petty cash fund was established with a $525 balance.It currently has cash of $35 and petty cash tickets as shown below: Which of the following would be included in the journal entry to replenish the Petty Cash fund?
A) debit to Cash Short & Over for $35
B) credit to Cash Short & Over for $35
C) debit to Petty Cash for $35
D) credit to Petty Cash for $35
Correct Answer:

Verified
Correct Answer:
Verified
Q143: The bank charged a service fee of
Q144: For the following situation,state whether it represents
Q145: The security measures are the same for
Q146: Cash is the most liquid asset reported
Q147: Which of the following is a requirement
Q149: The _ is a measure of a
Q150: A petty cash fund was established
Q151: Goldman Services hired a new clerk to
Q152: For good controls over cash payments,the person
Q153: A company received a bank statement showing