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A Petty Cash Fund Was Established with a $600 Balance

Question 90

Multiple Choice

A petty cash fund was established with a $600 balance.It currently has cash of $25 and petty cash tickets as shown below. 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 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

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