Question: A company plans to decrease a $260 petty cash fund to $105. The current balance in the account includes $65 in receipts and $225 in

A company plans to decrease a $260 petty cash fund to $105. The current balance in the account includes $65 in receipts and $225 in currency. The entry to reimburse and reduce the size of the petty cash fund will include a:

A) debit to Petty Cash for $105

B) debit to Cash for $120

C) credit to Cash for $120

D) debit to Petty Cash for $65

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