Question: Brown Industries plans to decrease a $380 petty cash fund to $165. The current balance in the account includes $35 in recelpts and $345 in
Brown Industries plans to decrease a $380 petty cash fund to $165. The current balance in the account includes $35 in recelpts and $345 in currency. The entry to reimburse and reduce the size of the petty cash fund will include a: Muitiple Choice credit to Cash for $180 debit to Cash for $180 debit to Petty Cash for $125 debit to Petty Cash for $165
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