A Petty Cash Fund Was Established with a $250 Balance

question 40

Multiple Choice

A petty cash fund was established with a $250 balance.It currently has cash of $31 and petty cash tickets totaling $219.Which of the following would be included in the entry to replenish the fund?

• A) A credit to Petty cash for $219
• B) A debit to Petty cash for $31
• C) A credit to Cash in bank for $31
• D) A credit to Cash in bank for $219

---

Definitions:

Accounts Receivable

Amounts owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Direct Labor-Hours

The total hours worked by employees who are directly involved in the manufacturing process.

Manufacturing Overhead Budget

A detailed plan that outlines the expected indirect factory-related costs for a production period.

Direct Labor-Hours

The total hours of labor directly involved in manufacturing a product, used in job costing and determining labor costs.