Question: please answer 32 and 33 Question 32 3.33 pts A petty cash fund, established with a $300 balance, had petty cash receipts (tickets/vouchers) totaling $269
please answer 32 and 33Question 32 3.33 pts A petty cash fund, established with a $300 balance, had petty cash receipts (tickets/vouchers) totaling $269 and cash in the amount of $29. The entry to replenish the fund would include a: Credit to CASH for $269 Debit to PETTY CASH for $271 Debit to CASH OVER AND SHORT for $2 Credit to PETTY CASH for $271 Question 33 3.33 pts Under the allowance method, if uncollectible account write-offs during the year exceed the allowance amount the balance in allowance for doubtful accounts at year end prior to adjustment: will be zero Will be a credit Will be a debit Should be adjusted by debiting it to being the balance back to zero
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