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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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