A Petty Cash Fund Was Established with a $525 Balance

question 211

Multiple Choice

A petty cash fund was established with a $525 balance.It currently has cash of $45 and petty cash tickets as shown below:

Which of the following would be included in the journal entry to replenish the Petty Cash fund?

• A)debit to Cash Short & Over for $15
• B)credit to Cash Short & Over for $15
• C)debit to Petty Cash for $15
• D)credit to Petty Cash for $15

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Definitions:

Lichen

Composite organism consisting of a fungus and green algae or cyanobacteria.

Autotroph

An organism capable of synthesizing its own food from inorganic substances using light or chemical energy, such as plants and some bacteria.

Frog Population Declines

A reduction in the number of frogs in specific environments, often due to factors such as habitat destruction, pollution, disease, and climate change.