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A petty cash fund was established with a $250 balance. It currently has cash of $40 and petty cash ...

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A petty cash fund was established with a $250 balance. It currently has cash of $40 and petty cash ...

A petty cash fund was established with a $250 balance. It currently has cash of $40 and petty cash tickets as follows: Office expense $150 and Entertainment Expense $75. 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 $15
C) credit to Cash Short & Over for $25
D) debit to Cash Short & Over for $15

Textbook

Horngren's Accounting

Edition: 11^th

Authors: Miller-Nobles, Mattison, Matsumura

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