Use the Following Information Regarding Sanders Company to Answer the Question

question 38

Short Answer

Use the following information regarding Sanders Company to answer the question below.
1) Established a petty cash fund in the amount of $200.
2) Reimbursed the petty cash fund given the following petty cash fund disbursements:
A) Payment for postage, $20.
B) Payment for supplies, $70.
3) Increased the petty cash fund by $100.
4) Cash over at the end of the first period was $5.
The entry to record the cash over in the petty cash fund would include a
A)credit to the Cash account for $5.
B)credit to the Petty Cash account for $5.
C)debit to Cash Short or Over for $5.
D)credit to Cash Short or Over for $5.

• A) Payment for postage, $20.
• B) Payment for supplies, $70.
• 3) Increased the petty cash fund by $100.
• 4) Cash over at the end of the first period was $5.
• The entry to record the cash over in the petty cash fund would include a
• A)credit to the Cash account for $5.
• B)credit to the Petty Cash account for $5.
• C)debit to Cash Short or Over for $5.
• D)credit to Cash Short or Over for $5.

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Definitions:

Maltreated

Subjected to bad or improper treatment or abuse, often used in the context of children who experience neglect or physical, emotional, or sexual abuse.

Low Self-esteem

A condition characterized by a lack of confidence and feeling unworthy or inferior.

Physical Growth

The process by which the body increases in size and strength from infancy through adulthood, often measured through indicators such as height, weight, and muscle mass.

Abuse

The misuse of power or mistreatment of individuals, causing harm or distress, which can be physical, emotional, or sexual in nature.