A petty cash fund was established with a $500 balance. It currently has cash of $19 and petty cash tickets as shown below. Travel expense $110 Office supplies expense 290 80 Equipment rental expense Which of the following would be the journal entry to replenish the Petty Cash account? O Credit Cash Short & Over for $1 O Debit Petty Cash $1 Credit Petty Cash $1 Debit to Cash Short & Over for $1

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Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.