Question: A company wants to decrease its $20000 petty cash fund to $150.00. The entry to reduce the fund is: 2 Multiple Choice Deblt Petty Cash

A company wants to decrease its $20000 petty cash fund to $150.00. The entry to reduce the fund is: 2 Multiple Choice Deblt Petty Cash $34.00, credit Cash $34.00 ok Debit Petty Cash for $150.00, debit Cash Over and Short $184.00, credit Cash $20000 Debit Miscellaneous Expenses $16.00,creait Cash $16.00 Debit to Cash $5000 credit Petty Cash $50.00 Debit Cash Over and Short for $775, credit Retty Cash $775

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