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mannydiaz27
Mar 17, 2008, 03:19 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, 05:20 PM
Dr. Expense Cr. Cash for the receipt amount.