Use the Following Information to Answer Questions on July

question 7

Multiple Choice

Use the following information to answer questions On July 31, the office manager gives instruction to increase the petty cash fund to CHF300.
-The journal entry to replenish the petty cash fund would include a

• A)debit to petty Cash for CHF250.
• B)credit to Cash Over and Short for CHF17.
• C)credit to Cash for CHF242.50.
• D)debit to Accounts Receivable for CHF17.

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Definitions:

New Managers

Individuals who have recently assumed managerial roles, responsible for planning, directing, and overseeing the operations and employees in their specific areas.

Seminars

Educational meetings or sessions in which participants engage in discussions or receive expert knowledge on a particular topic.

Role-playing

A method of learning or training involving the acting out of roles to simulate real-life situations for practice or problem-solving purposes.

Technical Equipment

Tools or devices that are designed with sophisticated technology and engineering for specific tasks, often used in industries like telecommunications, manufacturing, and scientific research.