Assume that the custodian of a $540 petty cash fund has $75 in currency and coins plus $465 in receipts at the end of the month.The entry to replenish the petty cash fund will include a:

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The various items that were paid are recorded in their corresponding accounts (with debits).The amount of the check required to replenish the fund is $465.00 (or $540 − $75).That amount is recorded as a reduction in Cash (with a credit).

Assume That the Custodian of a $540 Petty Cash Fund