A petty cash fund was established with a $500 balance. It currently has cash of $19 and petty cash tickets as shown below.
Which of the following would be the journal entry to replenish the Petty Cash account?
A) debit to Cash Short & Over for $1
B) credit Cash Short & Over for $1
C) debit Petty Cash $1
D) credit Petty Cash $1
Correct Answer:
Verified
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