A Petty Cash Fund Was Established with a $350 Balance

question 104

Multiple Choice

A petty cash fund was established with a $350 balance. It currently has cash of $41 and petty cash tickets totaling $309. Which of the following would be included in the entry to replenish the fund?

• A)a credit to Petty Cash for $309
• B)a debit to Petty Cash for $41
• C)a credit to Cash for $41
• D)debits to various expenses for $309

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