finc acct

mannydiaz27 · #1 Mar 17, 2008, 02:19 PM

A$100 petty cash fund contains $92 in petty cash receipts, and $6.50 in currency and coins. The journal entry to record the replishnment of the fund would include a:

A) credit to petty cah for $93.50

B) credit to cash for $92

C) debit to cashShort and over for $1.50

MaggieMouse · Mar 17, 2008, 04:20 PM

Dr. expense Cr. Cash for the receipt amount.



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