If a petty cash fund is established in the amount of $250, and contains $153 in cash
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Question:
If a petty cash fund is established in the amount of $250, and contains $153 in cash and $94 in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credits to the following accounts
Petty Cash, $94
Cash, $97
Petty Cash, $97
Cash, $94; Cash Over and Short, $3
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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