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A petty cash fund was established with a $400 balance. It currently has cash of $15 and petty cash ...

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A petty cash fund was established with a $400 balance. It currently has cash of $15 and petty cash ...

A petty cash fund was established with a $400 balance. It currently has cash of $15 and petty cash tickets as shown below.

Travel expense   $120
Office supplies   $200
Equipment rental expense   $70

The journal entry to replenish the account would be which of the following:
A) Debit to Cash Short & Over for $5
B) Credit Cash Short & Over for $5
C) Debit Petty Cash for $5
D) Credit Petty Cash for $5

Textbook

Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

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migrod

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this is exactly what I needed

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