Question: 20. A company wants to decrease its $200.00 petty cash fund to $100.00. The entry to reduce the fund is: Debit to Cash $100.00; credit

20.

A company wants to decrease its $200.00 petty cash fund to $100.00. The entry to reduce the fund is:

Debit to Cash $100.00; credit Petty Cash $100.00.

Debit Miscellaneous Expenses $23.00; credit Cash $23.00.

Debit Petty Cash for $100.00; debit Cash Over and Short $100.00; credit Cash $200.00.

Debit Cash Over and Short for $9.50; credit Petty Cash $9.50.

Debit Petty Cash $77.00; credit Cash $77.00.

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