Solved

A Petty Cash Fund Was Established with a $400 Balance

Question 157

Multiple Choice

A petty cash fund was established with a $400 balance. It currently has cash of $9 and petty cash slips as shown below. A petty cash fund was established with a $400 balance. It currently has cash of $9 and petty cash slips as shown below.   The journal entry to replenish the account would be which of the following? A) Credit Cash short and over for $1 B) Credit Petty cash fund $1 C) Debit to Cash short and over for $1 D) Debit Petty cash fund $1 The journal entry to replenish the account would be which of the following?


A) Credit Cash short and over for $1
B) Credit Petty cash fund $1
C) Debit to Cash short and over for $1
D) Debit Petty cash fund $1

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents