A petty cash fund was established with a $400 balance. It currently has cash of $9 and petty cash tickets as shown below. 
The journal entry to replenish the account would be which of the following:
A) Debit to Cash short & over for $1
B) Credit Cash short & over for $1
C) Debit Petty cash fund $1
D) Credit Petty cash fund $1
Correct Answer:
Verified
Q116: A key to strong control over petty
Q146: Petty cash is accounted for by maintaining
Q147: Which of the following would be included
Q149: Around the end of the year,an accountant
Q150: A company has a petty cash fund
Q158: A fund for petty cash of $200
Q159: Which of the following statements describes the
Q159: A petty cash fund was established with
Q160: A company urgently needs to repair its
Q161: If an accountant takes an action that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents