A petty cash fund was established with a $600 balance.It currently has cash of $150 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 $450;credit Cash $450
B) debit various expenses $450;credit Petty Cash $450
C) debit Cash $150;credit various expenses $150
D) credit Petty Cash $450;debit Cash $450
Correct Answer:
Verified
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