Multiple Choice
A petty cash fund was established with a $600 balance.It currently has cash of $45 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 $85
B) credit to Cash Short & Over for $85
C) debit to Petty Cash for $85
D) credit to Petty Cash for $85
Correct Answer:
Verified
Correct Answer:
Verified
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