System 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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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System 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.
Transcribed Image Text:System 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.
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