The petty cash fund had an initial imprest balance of $200.It currently has $17 in cash,$5 in miscellaneous cash receipts,and an additional $173 in specific cash receipts.The debit to Cash Short & Over would be ________.

Name: The petty cash fund had an initial imprest balance of $200.It currently has $17 in cash,$5 in miscellaneous cash receipts,and an additional $173 in specific cash receipts.The debit to Cash Short & Over would be ________.
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Question

Quizplus · Accepted Answer

Cash Short & Over = $200 - $17 - $5 - $173 = $5 short

The Petty Cash Fund Had an Initial Imprest Balance of $200.It