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:

Tracheostomy Tube

A tube inserted through a surgical opening in the neck into the trachea to facilitate breathing.

Humidified Oxygen

Oxygen that is moistened to prevent dryness in the nasal passages and throat of patients requiring supplemental oxygen.

Arterial Blood Gas

A diagnostic blood test that measures the levels of oxygen, carbon dioxide, and the pH in arterial blood to assess the effectiveness of lung function.

Nasal Cannula

A device used to deliver supplemental oxygen or airflow to a patient in need of respiratory help through the nostrils.