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 Miscellaneous Expenses for $377.50
B) A credit to Cash Over and Short for $5.00
C) A debit to Petty Cash for $382.50
D) A credit to Cash for $387.50
E) A debit to Cash for $387.50
Correct Answer:
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