A Petty Cash Fund Was Established with a $500 Balance

question 156

Multiple Choice

A petty cash fund was established with a $500 balance. It currently has cash of $20 and petty cash tickets as shown below. Which of the following would be the journal entry to replenish the Petty Cash account?

• A)debit various expenses $480; credit Cash $480
• B)debit various expenses $480; credit Petty Cash $480
• C)debit Cash $20; credit various expenses $20
• D)credit Petty Cash $480; debit Cash $480

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Definitions:

Core Body Temperature

The internal temperature of the body, which is closely regulated and necessary for proper physiological functioning.

Half-hour

A period of time equal to thirty minutes, often used to describe the duration of events or activities.

Endocrine System

A collection of glands that produce hormones regulating metabolism, growth, sexual function, and mood among other functions.

Growth Hormones

Hormones that stimulate growth, cell reproduction, and cell regeneration in humans and other animals.