Gator Supplies has an established petty cash fund of $100. At the replenish date of June 20, the petty cash fund has $15 cash and receipts for postage $25, office supplies $25, and miscellaneous $30. Gator also decided at the replenish date to increase the petty cash fund by $25 to a total fund of $125. What would be the required debit to Petty Cash in the combined replenish entry on June 20?
A) $110
B) $85
C) $25
D) $0
Correct Answer:
Verified
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