On November 2, 2018, Sur Resort established a petty cash fund of RO 750. On November 31, 2018, the amount remaining in the fund was RO 80. It had the following data: Postage Expense RO 150 Freight-In 340 Entertainment of clients 228 Supplies Expense 160 The journal entry to replenish the account would include: Select one: O a. None of the answers are correct. O b. debit to Petty Cash for RO 750. O c debit to Cash Over and Short for RO 8. O d. credit to Cash for RO 52. O e.credit to Cash Over and Short for RO 8.
On November 2, 2018, Sur Resort established a petty cash fund of RO 750. On November 31, 2018, the amount remaining in the fund was RO 80. It had the following data: Postage Expense RO 150 Freight-In 340 Entertainment of clients 228 Supplies Expense 160 The journal entry to replenish the account would include: Select one: O a. None of the answers are correct. O b. debit to Petty Cash for RO 750. O c debit to Cash Over and Short for RO 8. O d. credit to Cash for RO 52. O e.credit to Cash Over and Short for RO 8.
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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![On November 2, 2018, Sur Resort established a petty cash fund of RO 750. On November 31, 2018, the amount remaining in the
fund was RO 80. It had the following data:
Postage Expense
RO 150
Freight-In
340
Entertainment of clients
228
Supplies Expense
160
The journal entry to replenish the account would include:
Select one:
O a. None of the answers are correct.
O b. debit to Petty Cash for RO 750.
O c debit to Cash Over and Short for RO 8.
O d. credit to Cash for RO 52.
O e.credit to Cash Over and Short for RO 8.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F39085575-2da4-43ef-acc1-91f62fe54828%2Fb3a2b269-d185-406d-a272-12f48df93a42%2Fqfgbkw.png&w=3840&q=75)
Transcribed Image Text:On November 2, 2018, Sur Resort established a petty cash fund of RO 750. On November 31, 2018, the amount remaining in the
fund was RO 80. It had the following data:
Postage Expense
RO 150
Freight-In
340
Entertainment of clients
228
Supplies Expense
160
The journal entry to replenish the account would include:
Select one:
O a. None of the answers are correct.
O b. debit to Petty Cash for RO 750.
O c debit to Cash Over and Short for RO 8.
O d. credit to Cash for RO 52.
O e.credit to Cash Over and Short for RO 8.
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