Question: A company wants to decrease its $ 2 0 0 petty cash fund to $ 1 7 5 . The entry to reduce the fund
A company wants to decrease its $ petty cash fund to $ The entry to reduce the fund is:
Multiple Choice
Debit Petty Cash for $; debit Cash Over and Short $; credit Cash $
Debit Petty Cash $; credit Cash $
Debit to Cash $; credit Petty Cash $
Debit Cash Over and Short for $; credit Petty Cash $
Debit Miscellaneous Expenses $; credit Cash $
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