bryanatwin7627 bryanatwin7627

06-04-2020
Business

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A petty cash fund was established with a $150 balance. It currently has cash of $25 and petty cash tickets as follows: Office expense $120 and Entertainment Expense $20. Which of the following would be included in the journal entry to replenish the Petty Cash fund?
A. debit to Cash Short & Over for $10B. credit to Cash Short & Over for $15
C. credit to Cash Short & Over for $10
D. debit to Cash Short & Over for $15

Respuesta :

zaineric2004 zaineric2004

06-04-2020

The correct and final answer is B because credit to cash makes more sense then the other answers

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