Solved

A Petty Cash Fund Established with a $300 Balance Had

Question 37

Multiple Choice

A Petty Cash Fund established with a $300 balance had petty cash receipts totaling $269 and cash in the amount of $31. The entry to replenish the fund would include a


A) credit to Cash for $269.
B) debit to Petty Cash Fund for $269.
C) debit to various expenses for $31.
D) credit to Petty Cash Fund for $269.
E) credit to various expenses for $269.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents