On January 1, the petty cash account balance was $150. On January 18, the balance of the petty cash account is $85. How much should the petty cash vouchers total on January 18?

Name: On January 1, the petty cash account balance was $150. On January 18, the balance of the petty cash account is $85. How much should the petty cash vouchers total on January 18?
Brand: Quizplus
Rating: 4.8 (57 reviews)

Question

Quizplus · Accepted Answer

The petty cash vouchers should total the difference between the starting balance ($150) and the ending balance ($85), which is $150 - $85 = $65.

On January 1, the Petty Cash Account Balance Was $150