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A Petty Cash Fund Was Established with a $525 Balance

Question 148

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:  Travel expense $105 Office supplies expense 250 Equipment rental expense 100\begin{array} { | l | r } \hline \text { Travel expense } & \$ 105 \\\hline \text { Office supplies expense } & 250 \\\hline \text { Equipment rental expense } & 100 \\\hline\end{array} 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

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