A Company Has a Petty Cash Fund Amount of $300

question 69

Multiple Choice

A company has a petty cash fund amount of $300. When replenished, it has petty cash receipts of $30 for gas expense, $32 for postage expense, $16 for supplies expense and $10 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal entry, Cash would be credited with:

• A)$88
• B)$72
• C)$62
• D)$78

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Definitions:

Phylogenetic Systematics

A method of classifying living organisms based on their evolutionary relationships, using traits inherited from common ancestors.

Derived

A term used to describe traits, characteristics, or features that have evolved in a particular species or lineage from an ancestral state, indicating evolutionary change.

Platypuses

Aquatic mammals native to Australia known for their unique characteristics such as laying eggs, having bill and webbed feet.

Therians

Mammals excluding the monotremes, comprising the live-bearing marsupials and placental mammals, characterized by traits such as viviparity and mammary glands.