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A Petty Cash Fund Was Established with a $400 Balance

question 157

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A petty cash fund was established with a $400 balance.It currently has cash of $15 and petty cash tickets as shown below.  Travel expense $120 Office supplies $200 Equipment rental expense $70\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:


Definitions:

Sample Size

Refers to the number of participants or observations included in a study, critical for determining the study's power and validity.

Random Sampling

A technique used in research to select a subset of individuals from a larger population by chance, ensuring each member has an equal opportunity of being chosen.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.

Egocentric Fallacy

The mistaken belief that one's own personal experience or values are universal.

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