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.What effect will the entries to replenish the fund have on assets and expenses?

Question

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.What effect will the entries to replenish the fund have on assets and expenses?

Blake Company Established a Petty Cash Fund in the Amount