Question: 8 Brown Industries plans to decrease a $220 petty cash fund to $85. The current balance in the account includes $35 in receipts and $185

8

Brown Industries plans to decrease a $220 petty cash fund to $85. The current balance in the account includes $35 in receipts and $185 in currency. The entry to reimburse and reduce the size of the petty cash fund will include a:

Multiple Choice

  • debit to Cash for $100.

  • credit to Cash for $100.

  • debit to Petty Cash for $45.

  • debit to Petty Cash for $85.

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