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H3Ko H3Ko
wrote...
Posts: 4891
7 years ago
A petty cash fund was established with a $150 balance.  It currently has cash of $25 and petty cash tickets as follows:  Office expense $120 and Entertainment Expense $20. Which of the following would be included in the journal entry to replenish the Petty Cash fund?
A) credit to Cash Short & Over for $10
B) debit to Cash Short & Over for $15
C) debit to Cash Short & Over for $10
D) credit to Cash Short & Over for $15
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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Posts: 2227
7 years ago
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H3Ko Author
wrote...
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
wrote...
7 years ago
Excellent Slight Smile
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6 years ago
Thanks
wrote...
5 years ago
thanks
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