The petty cash fund is established in the amount of P5,000 and contains P4,000 in cash and P950 in receipts for disbursements when it is replenished. The journal entry to record replenishment should include credit/s to the following account/s a. Petty Cash, P750 b. Petty Cash, P1,000 c. Cash in Bank, P950; Cash Over and Short, P50 d. Cash in Bank, P1,000

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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MC31

The petty cash fund is established in the amount of P5,000 and contains P4,000 in cash and P950 in receipts for disbursements when it is replenished. The journal entry to record replenishment should include credit/s to the following account/s

a. Petty Cash, P750

b. Petty Cash, P1,000

c. Cash in Bank, P950; Cash Over and Short, P50

d. Cash in Bank, P1,000

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