Gabana Inc.'s €100 petty cash fund has cash of €4 and receipts of €91.The journal entry to replenish the account would include

Question

Quizplus · Accepted Answer

The journal entry to replenish the petty cash fund would include a debit to Cash for the total amount spent from the petty cash fund, which is €91, and a debit to any additional amount required to bring the fund back to its original level, which is €5 in this case. Therefore, the correct option is D which includes a debit to Cash for €96.