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6 March, 03:05

A petty cash fund was established with a $150 balance. It currently has cash of $25 and petty cash tickets as follows: Office expense $120 and Entertainment Expense $20. Which of the following would be included in the journal entry to replenish the Petty Cash fund?

A. debit to Cash Short & Over for $10B. credit to Cash Short & Over for $15

C. credit to Cash Short & Over for $10

D. debit to Cash Short & Over for $15

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Answers (1)
  1. 6 March, 06:20
    0
    The correct and final answer is B because credit to cash makes more sense then the other answers
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