Question: Brown Industries plans to decrease a $400 petty cash fund to $175. The current balance in the account includes $35 in receipts and $365 in
Brown Industries plans to decrease a $400 petty cash fund to $175. The current balance in the account includes $35 in receipts and $365 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.
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