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H3Ko H3Ko
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7 years ago
A petty cash fund was established with a $575 balance. It currently has cash of $45 and petty cash tickets as shown below:

Travel expense   $100
Office supplies expense   300
Equipment rental expense   110

Which of the following would be included in the journal entry to replenish the Petty Cash fund?
A) debit to Petty Cash for $20
B) debit to Cash Short & Over for $20
C) credit to Petty Cash for $20
D) credit to Cash Short & Over for $20
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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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
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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