A Petty Cash Fund Was Established with a $350 Balance

question 115

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 debit to various expenses for $309

---

Definitions:

Optimal Act

A decision or action that yields the best outcome from all possible alternatives.

Environmental Packaging

Packaging designed to minimize environmental impact, often through the use of recyclable or biodegradable materials.

Media Focus

The concentration of media coverage on specific topics, areas, or issues, influencing public perception.

Legal Developments

Changes or updates in the legal system, including new laws, judicial decisions, or legal interpretations.