Brown Industries plans to decrease a $220 petty cash fund to $85. The current balance in the account includes $35 in receipts and $185 in currency. The entry to reimburse and reduce the size of the petty cash fund will include a: Multiple Choice O credit to Cash for $100. Odebit to Petty Cash for $45. O debit to Petty Cash for $85.
Brown Industries plans to decrease a $220 petty cash fund to $85. The current balance in the account includes $35 in receipts and $185 in currency. The entry to reimburse and reduce the size of the petty cash fund will include a: Multiple Choice O credit to Cash for $100. Odebit to Petty Cash for $45. O debit to Petty Cash for $85.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 4EA: Record the following transactions: A. Started a petty cash fund in the amount of $500. B....
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![Brown Industries plans to decrease a $220 petty cash fund to $85. The current balance in the account includes
$35 in receipts and $185 in currency. The entry to reimburse and reduce the size of the petty cash fund will include
a:
Multiple Choice
о
O
credit to Cash for $100.
debit to Petty Cash for $45.
debit to Petty Cash for $85.
debit to Cash for $100.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F56b4ab23-f6d5-4206-a94e-63cad8267fd4%2Fa4673558-e872-4c72-b021-ce20cf0e8707%2Fgqadlbd_processed.png&w=3840&q=75)
Transcribed Image Text:Brown Industries plans to decrease a $220 petty cash fund to $85. The current balance in the account includes
$35 in receipts and $185 in currency. The entry to reimburse and reduce the size of the petty cash fund will include
a:
Multiple Choice
о
O
credit to Cash for $100.
debit to Petty Cash for $45.
debit to Petty Cash for $85.
debit to Cash for $100.
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