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tivo tivo
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7 years ago
Leo Company has a petty cash fund of $300. At the end of the month, $42.38 remains in the fund along with $260.75 in various receipts. The journal entry to replenish the fund would be:
A) debit Petty Cash for $257.62 and credit Cash for $257.62.
B) debit various expenses, $254.49; debit Cash Short for $3.13 and credit Cash for $257.62.
C) debit various expenses, $260.75; credit Cash Over for $3.13 and credit Cash for $257.62.
D) debit various expenses, $260.75 and credit Cash for $260.75.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
I appreciate it once again, answered correctly
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