Assume that the Petty Cashier of a $700 petty cash fund has $40 in cash plus $660 in receipts at the end of the month. The entry to replenish (reimburse) the petty cash fund will include: 1 A debit to Cash for $660 2 A credit to Cash for $40 3 A debit to Cash for $40 4 A credit to Cash for $660
Assume that the Petty Cashier of a $700 petty cash fund has $40 in cash plus $660 in receipts at the end of the month. The entry to replenish (reimburse) the petty cash fund will include: 1 A debit to Cash for $660 2 A credit to Cash for $40 3 A debit to Cash for $40 4 A credit to Cash for $660
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 6SEB
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Assume that the Petty Cashier of a $700 petty cash fund has $40 in cash plus $660 in receipts at the end of the month. The entry to replenish (reimburse) the petty cash fund will include:
1 A debit to Cash for $660
2 A credit to Cash for $40
3 A debit to Cash for $40
4 A credit to Cash for $660
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