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  3. a petty cash fund was established with a $200 bala

A petty cash fund was established with a $200 balance. It currently has cash of...

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Accounting

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A petty cash fund was established with a $200 balance. It currently has cash of $30 and petty cash tickets as follows: Office expense $150 and Entertainment Expense $30. Which of the following would be included in the journal entry to replenish the Petty Cash fund? A. credit to Cash Short \& Over for $20 B. debit to Cash Short \& Over for $20 C. debit to Cash Short \& Over for $10 D. credit to Cash Short \& Over for $10 The petty cash fund has a current balance of $350, which is the established fund balance. Based on activity in the fund, it is determined that the balance needs to be changed to $650. Which journal entr is needed to make this change? A. No journal entry is needed because this change only involves cash. B. Debit the Cash account and credit the Petty Cash account for $300. C. Debit the Petty Cash account and credit the Cash account for $650. D. Debit the Petty Cash account and credit the Cash account for $300

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