Donkey Donuts has $1,100 on hand at the end of the business day. The change fund is $250. The amount to deposit into the Cash account is

Question

Quizplus · Accepted Answer

The change fund is not included in the amount that should be deposited into the cash account. Therefore, the amount to deposit is calculated as follows:

Amount to deposit = Cash on hand - Change fund 
Amount to deposit = $1,100 - $250 
Amount to deposit = $850

Thus, the best choice is B.

Donkey Donuts Has $1,100 on Hand at the End of the Business