The entry to replenish the petty cash fund will include A a credit to Cash for $412. B a credit to Cash Short and Over for $26. C a debit to Petty Cash for $438. D a credit to Cash for $438.
The entry to replenish the petty cash fund will include A a credit to Cash for $412. B a credit to Cash Short and Over for $26. C a debit to Petty Cash for $438. D a credit to Cash for $438.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 6SEB
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Assume that the custodian of a $500 petty cash fund has $62 in currency plus $412 in receipts at the end of the month. The entry to replenish the petty cash fund will include
A a credit to Cash for $412.
B a credit to Cash Short and Over for $26.
C a debit to Petty Cash for $438.
D a credit to Cash for $438.
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