Question: Brown Industries plans to decrease a $294 petty cash fund to $108. The current balance in the account Includes $60 in recelpts and $234 in
Brown Industries plans to decrease a $294 petty cash fund to $108. The current balance in the account Includes $60 in recelpts and $234 in currency. The entry to reimburse and reduce the size of the petty cash fund will Include a: Multiple Choice credit to Cash for $126. debit to Cash for $126 debit to Petty Cash for $60 debit to Petty Cash for $108. On June 4, Marie Co. had cash sales rung up by cashiers totaling $119,500. Cash in the drawer was counted and found to be $124,000. The journal entry to record the day's sales would include a: Multiple Choice debit to Cash for $119,500. credit to Cash Overage for $4.500 credit to Sales Revenue for $124,000 debit to Sales Revenue for $119,500
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