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H3Ko H3Ko
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7 years ago
A petty cash fund was established with a $390 balance. It currently has cash of $45 and petty cash tickets totaling $345. Which of the following would be included in the entry to replenish the fund?
A) a debit to Petty Cash for $45
B) a debit to various expenses for $345
C) a credit to Petty Cash for $345
D) a credit to Cash for $45
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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