A petty cash fund was established with a $525 balance.It currently has cash of $65 and petty cash tickets as shown below:
Which of the following would be the journal entry to replenish the Petty Cash account?
A) debit various expenses $460;credit Cash $460
B) debit various expenses $460;credit Petty Cash $460
C) debit Cash $65;credit various expenses $65
D) credit Petty Cash $460;debit Cash $460
Correct Answer:
Verified
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