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A Petty Cash Fund Was Established with a $400 Balance

Question 146

Multiple Choice

A petty cash fund was established with a $400 balance. It currently has cash of $10 and petty cash slips as below. A petty cash fund was established with a $400 balance. It currently has cash of $10 and petty cash slips as below.   The journal entry to replenish the account would be which of the following? A) Debit Cash $10, credit various expenses $10 B) Debit various expenses $390, credit Petty cash fund $390 C) Credit Petty cash fund $390, debit Cash $390 D) Debit various expenses $390, credit Cash $390 The journal entry to replenish the account would be which of the following?


A) Debit Cash $10, credit various expenses $10
B) Debit various expenses $390, credit Petty cash fund $390
C) Credit Petty cash fund $390, debit Cash $390
D) Debit various expenses $390, credit Cash $390

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