A business is preparing to replenish its petty cash fund. The fund was initially set up with $150. In the petty cash box, there is currently $8, plus a receipt for $85 for office supplies and a receipt for $55 for delivery. How will the cash over and short account be recorded in the journal entry to replenish petty cash fund?

Answer rating: 100% (QA)

When replenishing the petty cash fund the business needs to ensure that the total amount of cash plu... View the full answer