Use the Following Information to Answer Questions

question 119

Multiple Choice

Use the following information to answer questions
On May 1, 2011, Vuitton Company established a petty cash fund by issuing a check for €250 to Antoinette Mercier, the custodian of the petty cash fund.On May 31, 2011, Mercier submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there is €10 cash in the fund:
-The journal entry to replenish the account would include a

• A)debit to Cash Over and Short for €5.
• B)credit to petty Cash for €235.
• C)debit to cash for €235.
• D)credit to cash for €250.

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Definitions:

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving widespread technological innovation.

Marx

Karl Marx, a 19th-century philosopher, economist, and revolutionary socialist known for his theories about capitalism and communism.

Consequences

The outcomes or results that naturally follow from an action or condition, affecting how situations unfold.

Sociological Imagination

The ability to see the connections between personal experiences and larger social forces, a concept introduced by C. Wright Mills.