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A Petty Cash Fund Was Established with a $400 Balance

Question 141

Multiple Choice

A petty cash fund was established with a $400 balance. It currently has cash of $15 and petty cash slips as shown below. A petty cash fund was established with a $400 balance. It currently has cash of $15 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 $5 B) Debit Petty cash fund $5 C) Credit Petty cash fund $5 D) Debit to Cash short and over for $5 The journal entry to replenish the account would be which of the following?


A) Credit Cash short and over for $5
B) Debit Petty cash fund $5
C) Credit Petty cash fund $5
D) Debit to Cash short and over for $5

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