A Petty Cash Fund Was Established with a $400 Balance

question 142

Multiple Choice

A petty cash fund was established with a $400 balance. It currently has cash of $10 and petty cash tickets as shown below. The journal entry to replenish the account would be which of the following:

• A)Debit various expenses $390, credit Cash $390
• B)Debit various expenses $390, credit Petty cash fund $390
• C)Debit Cash $10, credit various expenses $10
• D)Credit Petty cash fund $390, debit Cash $390

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Definitions:

Sociocultural Factors

Elements that influence an individual's behavior and attitudes based on the culture and society in which they live.

Cognitive Factors

Elements related to mental processes such as perception, memory, and problem-solving that influence behavior and emotion.

Biological Factors

Elements within an organism's genetic makeup or physiology that influence its behavior, health, and development.

Psychodynamic Factors

Elements that influence human behavior, thoughts, and emotions, based on psychodynamic theories which emphasize internal conflicts, the unconscious mind, and childhood experiences.