A petty cash fund was established with a $600 balance. It currently has cash of $25 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 $55
B) Credit Cash Short & Over for $55
C) Debit Petty Cash $55
D) Credit Petty Cash $55
Correct Answer:
Verified
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