Blake Company established a petty cash fund in the amount of $400.At the end of the accounting period,the petty cash box contained receipts for expenditures amounting to $180 and $215 in cash.If the company records both the disbursements and replenishments to the fund,what effect will replenishing the fund have on total assets and expenses?
$\begin{array}{lcccc}
&{\text { Total Assets }} &{\text { Expenses }} \
\text { A } & -\$ 180 & +\$ 185 \
\text { B. } & -\$ 185 & +\$ 185 \
\text { C. } & -\$ 185 & +\$ 180 \
\text { D. } & -\$ 180 & +\$ 180
\end{array}$

Question

Blake Company established a petty cash fund in the amount of $400.At the end of the accounting period,the petty cash box contained receipts for expenditures amounting to $180 and $215 in cash.If the company records both the disbursements and replenishments to the fund,what effect will replenishing the fund have on total assets and expenses?
$\begin{array}{lcccc} 
&{\text { Total Assets }} &{\text { Expenses }} \
\text { A } & -\$ 180 & +\$  185 \
\text { B. } & -\$  185 & +\$  185 \
\text { C. } & -\$  185 & +\$  180 \
\text { D. } & -\$ 180 & +\$  180
\end{array}$

Quizplus · Accepted Answer

The Answer of Blake Company established a petty cash fund in the amount of $400.At the end of the accounting period,the petty cash box contained receipts for expenditures amounting to $180 and $215 in cash.If the company records both the disbursements and replenishments to the fund,what effect will replenishing the fund have on total assets and expenses?
$\begin{array}{lcccc} 
&{\text { Total Assets }} &{\text { Expenses }} \
\text { A } & -\$ 180 & +\$  185 \
\text { B. } & -\$  185 & +\$  185 \
\text { C. } & -\$  185 & +\$  180 \
\text { D. } & -\$ 180 & +\$  180
\end{array}$

Blake Company Established a Petty Cash Fund in the Amount