On december 1, 2023 , Dolce Corporation established a petty cash fund of 5,000. On December 31, 2023, the petty cash fud was examined and found to have receipts and documents for miscellaneous expenses amounting to 2,740 and a petty cash voucher for 1,250 signed by an employee as a IOU. In addition, there was cash amounting to 860 Question: Assuming that on replenishment was made at year end, what entry would be required to record adjustment of the petty cash fud o December 31, 2023? A. Miscellaneous Expeses 2,740 Petty Cash Fund 860 Receivable from Employees 1,250 Cash In Bank 5,000 B. Miscellaneous Expeses 2,740 Receivable from Employees 1,250 Cash Short and Over 150 Petty Cash Fund 4,140 C. Miscellaneous Expeses 2,740 Receivable from Employees 1,250 Cash Short and Over 150 Cash In Bank 4,140 D. Miscellaneous Expeses 2,740 Receivable from Employees 1,250 Cash In Bank 3,990
On december 1, 2023 , Dolce Corporation established a petty cash fund of 5,000. On December 31, 2023, the petty cash fud was examined and found to have receipts and documents for miscellaneous expenses amounting to 2,740 and a petty cash voucher for 1,250 signed by an employee as a IOU. In addition, there was cash amounting to 860
Question:
Assuming that on replenishment was made at year end, what entry would be required to record adjustment of the petty cash fud o December 31, 2023?
A. Miscellaneous Expeses 2,740
Petty Cash Fund 860
Receivable from Employees 1,250
Cash In Bank 5,000
B. Miscellaneous Expeses 2,740
Receivable from Employees 1,250
Cash Short and Over 150
Petty Cash Fund 4,140
C. Miscellaneous Expeses 2,740
Receivable from Employees 1,250
Cash Short and Over 150
Cash In Bank 4,140
D. Miscellaneous Expeses 2,740
Receivable from Employees 1,250
Cash In Bank 3,990
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