Multiple Choice
A petty cash fund was established with a $500 balance.It currently has cash of $40 and petty cash tickets as shown below.
Which of the following would be the journal entry to replenish the Petty cash account?
A) debit various expenses $460; credit Petty cash $460
B) credit Petty cash $460; debit Cash $460
C) debit Cash $40; credit various expenses $40
D) debit various expenses $460; credit Cash $460
Correct Answer:

Verified
Correct Answer:
Verified
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