A Petty Cash Fund Was Established with a $200 Balance

question 256

Multiple Choice

A petty cash fund was established with a $200 balance.It currently has cash of $35 and petty cash tickets as follows: Office expense $130 and Entertainment Expense $45.Which of the following would be included in the journal entry to replenish the Petty Cash fund?

• A) debit to Cash Short & Over for $25
• B) credit to Cash Short & Over for $10
• C) credit to Cash Short & Over for $25
• D) debit to Cash Short & Over for $10

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Definitions:

Marketplace

An area or venue (physical or online) where goods and services are exchanged between buyers and sellers.

Marketing Strategy

A comprehensive plan formulated by a business to achieve its marketing goals, including targeting specific markets and determining the most effective ways to reach them.

Multiple Regions

Refers to the operation or presence of a business, product, or service in more than one geographical area or market.

College Entrance Requirements

The criteria set by universities or colleges for admission, which may include academic transcripts, standardized test scores, essays, and recommendation letters.