A $100 petty cash fund has cash of $16 and receipts of $82.The journal entry to replenish the account would include a

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DTo replenish the petty cash fund, the company needs to account for the expenses (receipts) and any discrepancies. The receipts total $82, so the Cash account is credited to reflect the outflow of cash from the main cash account to replenish the petty cash. This is choice D. The difference between the total fund ($100) and the sum of cash on hand ($16) plus receipts ($82) is $2, which is unaccounted for. This discrepancy is recorded as a debit to Cash Over and Short, which is choice C. This account is used to record the minor discrepancies between the actual cash in the petty cash fund and the recorded amounts.

A $100 Petty Cash Fund Has Cash of $16 and Receipts