A company writes a check to replenish a $100 petty cash fund when the fund contains receipts
Question:
A company writes a check to replenish a $100 petty cash fund when the fund contains receipts of $94 and $4 in cash. In recording the check, the company should:
(a) debit Cash Over and Short for $2.
(b) debit Petty Cash for $94.
(c) credit Cash for $94.
(d) credit Petty Cash for $2.
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a When this check is recorded the company shoul...View the full answer
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Related Book For 
Financial Accounting
ISBN: 9781119298229,9781119305842
10th Edition
Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel
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