A $150 petty cash fund has cash of $54 and receipts of $83. The journal entry to replenish the account would include a
A) credit to Petty Cash for $29
B) debit to Cash for $83
C) debit to Cash Short and Over for $13
D) credit to Cash for $54
Correct Answer:
Verified
Q101: A minimum cash balance required by a
Q102: During a bank reconciliation process,
A) outstanding checks
Q103: Thompson Company gathered the following reconciling
Q104: Gunnar Company gathered the following reconciling
Q105: The type of account and normal balance
Q107: Jamison Company gathered the following reconciling
Q108: In the normal operation of business, you
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
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