Brown Industries plans to decrease a $380 petty cash fund to $165. The current balance in the
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Question:
Brown Industries plans to decrease a $380 petty cash fund to $165. The current balance in the account includes $125 in receipts and $345 in currency. The entry to reimburse and reduce the size of the petty cash fund will include
Multiple Choice
a. Credit to Cash for $190.
b. Debit to Cash for $190.
c. Debit to Petty Cash for $135.
d. Debit to Petty Cash for $175.
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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