Question: A company wants to decrease its $200.00 petty cash fund to $100.00.The entry to reduce the fund is Debit Miscellaneous Expenses $23.00: credit Cash $23.00.

A company wants to decrease its $200.00 petty cash fund to $100.00.The entry to reduce the fund is Debit Miscellaneous Expenses $23.00: credit Cash $23.00. Debit Petty Cash $77.00: credit Cash $77.00. Debit Petty Cash for $100.00: debit Cash Over and short $177.00: credit Cash $200.00 Debit cash over and short for $9.50 credit Petty Cash $9.50. Debit to Cash $100.00: credit Petty Cash $100.00

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