A Petty Cash Fund Was Established with a $400 Balance

question 140

Multiple Choice

A petty cash fund was established with a $400 balance. It currently has cash of $9 and petty cash tickets as shown below. The journal entry to replenish the account would be which of the following:

• A)Debit to Cash short & over for $1
• B)Credit Cash short & over for $1
• C)Debit Petty cash fund $1
• D)Credit Petty cash fund $1

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