A $135 petty cash fund has cash of $18 and receipts of $120.The journal entry to replenish the account would include a
A) credit to Petty Cash for $120
B) debit to Cash for $120
C) credit to Cash Over and Short for $3
D) credit to Cash for $102
Correct Answer:
Verified
Q102: During a bank reconciliation process,
A) outstanding checks
Q108: In the normal operation of business, you
Q109: The following data were gathered to
Q109: Entries are made to the petty cash
Q110: Cash equivalents include
A) checks
B) coins and currency
C)
Q111: Which of the following would not be
Q114: Thompson Corporation gathered the following reconciling
Q115: Pilger Corporation has cash on hand at
Q116: Cash equivalents
A) are illegal in some states
B)
Q134: List the objectives of internal control and
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