A petty cash fund was established with a $400 balance. It currently has cash of $10 and petty cash tickets as shown below.
The journal entry to replenish the account would be which of the following:
A) Debit various expenses $390, credit Cash $390
B) Debit various expenses $390, credit Petty cash fund $390
C) Debit Cash $10, credit various expenses $10
D) Credit Petty cash fund $390, debit Cash $390
Correct Answer:
Verified
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