Solved

A Petty Cash Fund Was Established with a $600 Balance

Question 61

Multiple Choice

A petty cash fund was established with a $600 balance.It currently has cash of $19 and petty cash tickets as shown below: A petty cash fund was established with a $600 balance.It currently has cash of $19 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 $118 B) credit to Cash Short & Over for $118 C) debit to Petty Cash for $118 D) credit to Petty Cash for $118 Which of the following would be included in the journal entry to replenish the Petty Cash fund?


A) debit to Cash Short & Over for $118
B) credit to Cash Short & Over for $118
C) debit to Petty Cash for $118
D) credit to Petty Cash for $118

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions