A Petty Cash Fund Was Established with a $400 Balance

question 177

Multiple Choice

A petty cash fund was established with a $400 balance. It currently has cash of $15 and petty cash tickets as shown below. $$\begin{array} { | l | r | } \hline \text { Travel expense } & \$ 120 \\\hline \text { Office supplies } & \$ 200 \\\hline \text { Equipment rental expense } & \$ 70 \\\hline\end{array}$$ The journal entry to replenish the account would be which of the following?

• A)debit to Cash Short & Over for $5
• B)credit Cash Short & Over for $5
• C)debit Petty Cash for $5
• D)credit Petty Cash for $5

Understand the concept of globalization and its effects on business competition and operations.

Clarify the meanings of prejudice and discrimination and their impact on workplace dynamics.

Recognize the importance of ethics, integrity, and ethical leadership in organizations.

Understand the concept of the glass-ceiling effect and its implications on career advancement for women and minorities.

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Definitions:

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A potent central nervous system stimulant used to treat attention deficit hyperactivity disorder (ADHD) and narcolepsy, and recreationally as a performance enhancer and euphoriant.

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A selective permeability barrier that protects the brain from foreign substances in the blood that may injure the brain.

Endothelial Membrane

A thin layer of cells that lines the interior surface of blood vessels and lymphatic vessels, forming an interface between circulating blood or lymph in the lumen and the rest of the vessel wall.