Question-based on "petty cash"...Simple. I have tried it but kinda confused. 5)A petty cash fund of $100 is replenished when the fund contains $5 in cash and receipts for $91.The entry to replenish the fund woulda.credit Cash Over and Short for $4.b.credit Miscellaneous Revenue for $4.debit Cash Over and Short for $4.C.d.debit Miscellaneous Expense for $4.

Answered: Image /qna-images/answer/891adb4f-cec2-426d-9ebb-8924fe6e44e5.jpg

Answered: debit Cash Over and Short for $4. C.

Business

Accounting

debit Cash Over and Short for $4. C.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question-based on "petty cash"...

Simple.

I have tried it but kinda confused.

5)
A petty cash fund of $100 is replenished when the fund contains $5 in cash and receipts for $91.
The entry to replenish the fund would
a.
credit Cash Over and Short for $4.
b.
credit Miscellaneous Revenue for $4.
debit Cash Over and Short for $4.
C.
d.
debit Miscellaneous Expense for $4.

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