Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a $240 petty cash fund has cash of $15 and receipt

A $240 petty cash fund has cash of $15 and receipts of...

80.2K

Verified Solution

Question

Accounting

A $240 petty cash fund has cash of $15 and receipts of $180. The joumal entry to replenish the account would include a credit to
O PettyCashfor$225.
O cash for $225.
O cash for $180.
O Cash Over and Short for $15.

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!
Become a Member

Other questions asked by students

Geometry
1.2K views

Find the missing longth indicated LRD O 169 Nona of the other answers are correct...

Basic Math
1.2K views

PLEASE DO BY HAND AND NOT EXCEL 1.A car dealer believes that average daily sales for...

Basic Math
1.2K views

The flat circular plate has the shape of the region ? 2 + ? 2...

Geometry
1.2K views

14 foot ladder leans up against the side of a building so that the foot...

Basic Math
1.2K views

Brandon is on one side of a river that is 80 m wide and wants...

Calculus
1.2K views

7 Evaluate the integral 2dx S xln 8x S

Accounting
1.2K views

60,000 50,000 Guru Co. has the following information about an asset: Purchase Price...

Accounting
1.2K views

The fair value option allows companies to account for most financial assets and liabilities in...

Accounting
1.2K views

After transaction information has been recorded in the journal, it is transferred to the O...

Accounting
1.2K views

Capital in Excess of Par Value Common Stock Dividends Distributable Answer: Practice Question 55 Jaylo...

Accounting
1.2K views

Samuel has (3)/(20) of his gross income withheld for federal income tax. If Samuel has...

Accounting
1.2K views

Providing Tokopedia Care Services in Improving Tokopedia's Customer Experience Customers are a key to the...