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A petty cash fund was established with a $150 balance. It currently has cash of $25 and petty cash ...

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7 years ago

A petty cash fund was established with a $150 balance. It currently has cash of $25 and petty cash ...

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

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 772 times

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Mrgo-breed

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H3Ko Author

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7 years ago

I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right

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Mrgo-breed

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7 years ago

Excellent

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raptorx

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6 years ago

Thanks

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indysaurous

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5 years ago

thanks

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