A Petty Cash Fund Was Established with a $525 Balance

question 148

Multiple Choice

A petty cash fund was established with a $525 balance.It currently has cash of $35 and petty cash tickets as shown below: $$\begin{array} { | l | r } \hline \text { Travel expense } & \$ 105 \\\hline \text { Office supplies expense } & 250 \\\hline \text { Equipment rental expense } & 100 \\\hline\end{array}$$ Which of the following would be included in the journal entry to replenish the Petty Cash fund?

• A) debit to Cash Short & Over for $35
• B) credit to Cash Short & Over for $35
• C) debit to Petty Cash for $35
• D) credit to Petty Cash for $35

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