A company wants to decrease its $200 petty cash fund to $175.The entry to reduce the fund

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A company wants to decrease its $200 petty cash fund to $175.The entry to reduce the fund is:

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Debit Cash Overand Short for $25; credit Petty Cash $25.

Debit to Cash $25; creditPetty Cash $25. Debit Miscellaneous Expenses $25; credit Cash $25.

Debit Petty Cash for $175; debit Cash Over and Short $25; creditCash $200.

Debit Petty Cash $25; credit Cash $25.

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Financial Accounting

ISBN: 978-0078111020

7th Edition

Authors: LibbyShort

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Posted Date: Dec 13, 2022 05:20 AM

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A company wants to decrease its $200 petty cash fund to $175.The entry to reduce the fund

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