Assume that the custodian of a $450 petty cash fund has $62.50 in coins and currency plus $382.50 in receipts at the end of the month.The entry to replenish the petty cash fund will include:
A) A debit to Cash for $377.50.
B) A debit to Cash Over and Short for $5.00.
C) A debit to Petty Cash for $382.50.
D) A credit to Cash for $382.50.
E) A debit to Cash for $387.50.
Correct Answer:
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