Problem: 4 Maple Dental Clinic's petty cash fund is $1,000. The fund shows receipts for: supplies $320, postage $145, and cleaning $275. If the actual cash count is $248, Find the cash shortage or overage.
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- HelplSystem company needs to replenish its $1000 petty cash fund. Its petty cash box has $150 cash and petty cash receipts of $840. The journal entry to replenish the fund includes a. A credit to cash for $150. b. A credit to petty cash for $840. c. A credit to cash over and short for $10. d. A debit to cash over and short for $10.A $100 petty cash fund has cash of $15 and receipts of $86. The journal entry to replenish the account would include a Select one: a. credit to Cash Over and Short for $3. b. credit to Cash for $86. C. credit to Petty Cash for $1. d. The answer does not exist e. debit to Cash for $86. Next page
- The petty cash fund had an initial imprest balance of $100. It currently has $20 and petty cash tickets totaling $75 for office supplies. The entry to replenish the fund would contain Credit to Cash Short & Over for $5. A credit to Petty Cash for $80. A debit to Cash Short & Over for $5. A debit to Petty Cash for $80.Alpha Technologies provides computer maintenance services and has the following information for August 31: Cash register tape $1,942 Cash count 2,148 Change Fund 200 Compute the cash shortage or cash overage to be recorded by Alpha on August 31. a.$6 overage b.$6 shortage c.$5 shortage d.$5 overageA $100 petty cash fund has cash of $9 and receipts of $85. The journal entry to replenish the account would include a credit to Select one: a. Petty Cash for $85. b. Cash for $91. C. Cash Over and Short for $6. d. Cash for S85.
- A company needs to replenish its $500 petty cash fund. Its petty cashbox has $75 cash and petty cash receipts of $420. The journal entry to replenish the fund includes a. A debit to Cash for $75. b. A credit to Cash for $75. c. A credit to Petty Cash for $420. d. A credit to Cash Over and Short for $5. e. A debit to Cash Over and Short for $5.I need help with D and E pleaseThe petty cash fund had an initial imprest balance of $100. It currently has $20 and petty cash tickets totaling $75 for office supplies. The entry to replenish the fund would contain a. a credit to Cash Short & Over for $5. b. a credit to Petty Cash for $80. c. a debit to Cash Short & Over for $5. d. a debit to Petty Cash for $80.
- A. Started a petty cash fund in the amount of $400.B. Replenished petty cash fund using the following expenses: Auto Expense $24, Office Expense $45, Postage Expense $20, Miscellaneous Expense $33. Cash on hand is $278.C. The company has decided to reduce the petty cash fund to $250. Record these transactions. If an amount box does not require an entry, leave it blank.A$130 petty cash fund has cash of $16 and receipts of $111. The journal entry to replenish the account would include a O credit to Petty Cash for $114. O debit to Cash Over and Short for $3. O debit to Cash for $111. O credit to Cash for $111.How much is the petty cash shortage or overage? How much is the balance of the Petty cash fund ?