A $100 petty cash fund has cash of $17 and receipts of $82. The journal entry to replenish the account would include a
A) debit to Cash for $82.
B) credit to Petty Cash for $83.
C) debit to Cash Over and Short for $1.
D) credit to Cash for $82.
Correct Answer:
Verified
Q82: A debit balance in Cash Over and
Q83: A credit balance in Cash Over and
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