A Petty Cash Fund Was Established with a $350 Balance

question 79

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)a credit to Cash for $309

---

Definitions:

Disjunction

Disjunction is a logical operation that results in true if at least one of the operands is true; in propositional logic, it's represented by the OR operator.

Event

An occurrence or happening, especially one of significance, that can be observed or participated in.

Dependent

Relies on or is determined by another object, condition, or factor.

Independent Events

Two or more events where the occurrence of one does not affect the probability of the other(s).