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A Petty Cash Fund Was Established with a $380 Balance

Question 31

Multiple Choice

A petty cash fund was established with a $380 balance.It currently has cash of $41 and petty cash tickets totaling $339.Which of the following would be included in the entry to replenish the fund?


A) a credit to Petty Cash for $339
B) a debit to Petty Cash for $41
C) a credit to Cash for $41
D) a credit to Cash for $339

Correct Answer:

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