Assume that the custodian of a $450 petty cash fund has $62 in coins and currency plus $383 in receipts at the end of the month.The entry to replenish the petty cash fund will include:
A) A debit to Cash for $378.
B) A debit to Cash Over and Short for $5.
C) A debit to Petty Cash for $383.
D) A credit to Cash for $383.
E) A credit to Cash Over and Short for $5.
Correct Answer:
Verified
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