A company has a petty cash fund amount of $200. When replenished, it has petty cash tickets of $31 for gas expense, $31 for postage expense, $15 for supplies expense, and $12 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal entry, Cash would be credited for O A. $77 O B. $74 O C. $89 O D. $62

A company has a petty cash fund amount of $200. When replenished, it has petty cash tickets of $31 for gas expense, $31 for postage expense, $15 for supplies expense, and $12 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal entry, Cash would be credited for O A. $77 O B. $74 O C. $89 O D. $62

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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