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
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debit to Cash for $100.
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credit to Cash for $100.
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debit to Petty Cash for $45.
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debit to Petty Cash for $85.
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