A company had $19 missing from petty cash that was not accounted for by petty cash receipts.

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Question:

A company had $19 missing from petty cash that was not accounted for by petty cash receipts. The correct procedure is to:

A.) Debit Petty Cash for $19.

B.) Credit Petty Cash for $19.

C.) Credit Cash Over and Short for $19.

D.) Debit Cash for $19.

E.) Debit Cash Over and Short for $19.

Related Book For answer-question

Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Posted Date: May 09, 2022 07:15 AM

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A company had $19 missing from petty cash that was not accounted for by petty cash receipts.

Question:

Expert Answer:

Answer is a Debit Cash Over and Short ... View the full answer

Principles of Accounting

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