Multiple Choice
A petty cash fund was established with a $200 balance.It currently has cash of $35 and petty cash tickets as follows: Office expense $130 and Entertainment Expense $45.Which of the following would be included in the journal entry to replenish the Petty Cash fund?
A) debit to Cash Short & Over for $25
B) credit to Cash Short & Over for $10
C) credit to Cash Short & Over for $25
D) debit to Cash Short & Over for $10
Correct Answer:
Verified
Correct Answer:
Verified
Q248: Which is the most liquid form of
Q249: Journal entries that arise from reconciling items
Q250: Which of the following is NOT a
Q251: Cash equivalents are included in the calculation
Q252: The cash ratios of four companies
Q253: A company received a bank statement with
Q254: The bank's routing number _.<br>A) contains 10
Q255: For the following situation,state whether it represents
Q257: Under the gross method,when the credit card
Q258: Which of the following would be included