A petty cash fund was established with a $525 balance. It currently has cash of $65 and petty cash tickets as shown below: Travel expense Office supplies expense Equipment rental expense Which of the following would be the journal entry to replenish the Petty Cash account? $110 320 30 *** OA. debit Cash $65; credit various expenses $65 OB. debit various expenses $460; credit Petty Cash $460 OC. credit Petty Cash $460; debit Cash $460 O D. debit various expenses $460; credit Cash $460

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A petty cash fund was established with a $525 balance. It currently has cash of $65 and petty cash tickets
as shown below:
Travel expense
Office supplies expense
Equipment rental expense
Which of the following would be the journal entry to replenish the Petty Cash account?
$110
320
30
...
OA. debit Cash $65; credit various expenses $65
OB. debit various expenses $460; credit Petty Cash $460
OC. credit Petty Cash $460; debit Cash $460
OD. debit various expenses $460; credit Cash $460
Transcribed Image Text:A petty cash fund was established with a $525 balance. It currently has cash of $65 and petty cash tickets as shown below: Travel expense Office supplies expense Equipment rental expense Which of the following would be the journal entry to replenish the Petty Cash account? $110 320 30 ... OA. debit Cash $65; credit various expenses $65 OB. debit various expenses $460; credit Petty Cash $460 OC. credit Petty Cash $460; debit Cash $460 OD. debit various expenses $460; credit Cash $460
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