The petty cash fund had an initial imprest balance of $220. It currently has $17 in cash, $5 in miscellaneous petty cash tickets, and an additional $192 in specific petty cash tickets. The debit to Cash Short & Over would be ________. A. $192 B. $6 C. $197 D. $17

The petty cash fund had an initial imprest balance of $220. It currently has $17 in cash, $5 in miscellaneous petty cash tickets, and an additional $192 in specific petty cash tickets. The debit to Cash Short & Over would be ________. A. $192 B. $6 C. $197 D. $17

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The petty cash fund had an initial imprest balance of

$220. It currently has $17 in cash, $5

in miscellaneous petty cash tickets, and an additional $192
in specific petty cash tickets. The debit to Cash Short & Over would be ________.

$192

$197

$17

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