A Petty Cash Fund, Established with a $200 Balance, Had

question 135

Multiple Choice

A petty cash fund, established with a $200 balance, had the following petty cash tickets as well as $34 in cash: $$\begin{array} {| l | r| } \hline\text { Office supplies } & \$ 42 \\\hline \text { Delivery expense } & 39 \\\hline \text { Miscellaneous expense } & 12 \\\hline \text { Postage expense } & 75 \\\hline\end{array}$$ The entry to replenish the fund would be:

• A) \[\begin{array} { | c | r | r |}
• \hline \text { Petty Cash } & 168 \\
• \hline \text { Cash in Bank } & & 168 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Office Supplies } & 42 & \\
• \hline \text { Delivery Expense } & 39 & \\
• \hline \text { Miscellaneous Expense } & 12 & \\
• \hline \text { Postage Expense } & 75 & \\
• \hline \text { Cash in Bank } & & 168 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r |}
• \hline \text { Office Supplies } & 42 & \\
• \hline \text { Delivery Expense } & 32 & \\
• \hline \text { Miscellaneous Expense } & 12 & \\
• \hline \text { Postage Expense } & 75 & \\
• \hline \text { Cash in Bank } & & 166 \\
• \hline \text { Cash Short and Over } & & 2 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r |}
• \hline \text { Cash in Bank } & 168 \\
• \hline \text { Petty Cash } & & 168 \\
• \hline
• \end{array}\]

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Definitions:

Widgets

A generic term often used to refer to an unspecified or hypothetical manufactured product.

Labor

Human input, involving both muscle and mind work, in the output of goods and services.

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A model that defines the maximum output that can be produced with a given set of inputs under current technology.

Plastic

A wide range of synthetic or semi-synthetic materials that are used in the production of industrial products, packaging, and consumer items.