MST3K Company established a $50 petty cash fund on July 1. On July 30, the fund had $9 cash remaining and petty cash receipts for postage $13, office supplies $11, and deliveries $17. MST3K's 7/30 entry includes a
A) debit to Petty Cash, $41.
B) credit to Petty Cash, $41.
C) credit to Cash, $41.
D) debit to Supplies Expense, $11.
Correct Answer:
Verified
Q87: A petty cash fund should not be
Q88: The entry to replenish a petty cash
Q89: A petty cash fund should be replenished
A)
Q91: The size of the petty cash fund
Q92: A petty cash fund is generally established
Q99: Entries are made to the Petty Cash
Q114: A check returned by the bank marked
Q124: Which is not an internal control procedure
Q126: Ben's Beverages bought postage stamps using $15
Q127: How often should a petty cash fund
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents