Assume that the custodian of a $450 petty cash fund has $62.50 in currency and coins plus $387.50 in receipts at the end of the month.The entry to replenish the petty cash fund will include a:
A) debit to Cash for $387.50.
B) debit to Petty Cash for $387.50.
C) credit to Petty Cash for $387.50.
D) credit to Cash for $387.50.
Correct Answer:
Verified
Q146: On October 31,2015,the bank statement shows that
Q147: A company plans to decrease a $200
Q148: Flynn Company's monthly bank statement showed the
Q149: All of the following bank reconciliation items
Q151: Which of the following statements relating to
Q152: Which of the following items will require
Q155: Which amount should be reported as cash
Q155: Which of the following items appearing on
Q156: The petty cash fund was used to
Q156: Which of the following bank reconciliation items
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