A petty cash fund was established with a $550 balance.It currently has cash of $105 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 $445; credit Cash $445
B) debit various expenses $445; credit Petty Cash $445
C) debit Cash $105; credit various expenses $105
D) credit Petty Cash $445; debit Cash $445
Correct Answer:
Verified
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