A $100 petty cash fund has cash of $18 and receipts of $86. The journal...
60.1K
Verified Solution
Link Copied!
Question
Accounting
A $100 petty cash fund has cash of $18 and receipts of $86. The journal entry to replenish the account would include a O credit to Cash Over and Short for $4. O debit to Cash for $86. O credit to Petty Cash for $86, O credit to Cash for $86. If a petty cash fund is established in the amount of $224, and contains $146 in cash and $81 in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credits to the following account(s) O Cash $81 O Petty Cash $81. O Petty Cash, $78. O Cash, $78: Cash Over and Short, $3
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!