Examlex

Solved

A Petty Cash Fund Was Established with a $400 Balance

question 157

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.  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:

Bathroom Scale

A device used for measuring the weight of a person.

Reliability

The degree to which a test or measurement method produces stable, consistent, and repeatable results over time.

Validity

The extent to which a test, tool, or study accurately measures what it intends to measure.

WAIS

Stands for Wechsler Adult Intelligence Scale, which is a test designed to measure cognitive ability in adults and older adolescents.

Related Questions