If a petty cash fund is established in the amount of $250, and contains $150 in cash and $95 in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credits to the following accounts

Question

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The petty cash fund needs to be replenished by $100 to bring the cash back to $250. The cash on hand is $150, and there are $95 in receipts, so $100 is needed to replenish the fund.

If a Petty Cash Fund Is Established in the Amount