A petty cash fund of $200 is replenished when the fund contains $12 in cash and receipts for $184. The entry to replenish the fund would
A) credit Cash Over and Short for $4.
B) credit Miscellaneous Revenue for $4.
C) debit Cash Over and Short for $4.
D) debit Miscellaneous Expense for $4.

Question

Quizplus · Accepted Answer

The petty cash fund is short by $4 ($200 - $12 - $184). To account for this shortage, you debit Cash Over and Short for $4.

A Petty Cash Fund of $200 Is Replenished When the Fund