The petty cash fund had an initial imprest balance of $100. It currently has $20 and petty

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The petty cash fund had an initial imprest balance of $100. It currently has $20 and petty cash tickets totaling $75 for office supplies. The entry to replenish the fund would contain

a. a credit to Cash Short & Over for $5.

b. a credit to Petty Cash for $80.

c. a debit to Cash Short & Over for $5.

d. a debit to Petty Cash for $80.

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Related Book For answer-question

Horngrens Financial And Managerial Accounting The Managerial Chapters

ISBN: 9781292412337

7th Global Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

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Question Posted: Feb 02, 2024 05:01 AM

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The petty cash fund had an initial imprest balance of $100. It currently has $20 and petty

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Horngrens Financial And Managerial Accounting The Managerial Chapters

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