Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a petty cash fund was established with a $ 500 bal

A petty cash fund was established with a $ 500 balance. It currently has cash...

80.2K

Verified Solution

Question

Accounting

A petty cash fund was established with a $ 500 balance. It currently has cash of $ 17 and petty cash tickets as shown below: Travel expense $ 102

Office supplies expense 280

Equipment rental expense 79

Which of the following would be included in the journal entry to replenish the Petty Cash fund?

a.

debit to Cash Short & Over for $ 22$22

B.

credit to Cash Short & Over for $ 22$22

C.

credit to Petty Cash for $ 22$22

D.

debit to Petty Cash for $ 22

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

Operations Management
1.2K views

Write a short essay about, No less than 600 words Why is social progress important? Why is regional...

Chemistry
1.2K views

In Bradford Assay experiment, we diluted the protein solution and end of the experiment we obtained more...

General Management
1.2K views

This article lists out six critical questions for the data analyst/user/presenter. Based on what you have...

Basic Math
1.2K views

Engineers at the American Lighting Company recently developed a new three-way light bulb that they say...

Physics
1.2K views

3 Three identical charge Q are fixed at each corner of a equilateral triangle What...

Physics
1.2K views

A block of mass m is kept on smooth horizontal surface and connected with two...

Accounting
1.2K views

Which of the following statements below would be an advantage in decentralized decision making? a....

Accounting
1.2K views

29 Sheena is 68 years old and is a Canadian citizen. She has tived in...

Accounting
1.2K views

Pages Ltd commenced operations on 1 July 2020. One year later on 30 June 2021....

Accounting
1.2K views

Accounting for pensions receives more attention in the United States than in other countries. Discuss...

Finance
1.2K views

Evaluating cash flows with the NPV method The net present value (NPV) rule is considered...

Accounting
1.2K views

On February 15, Jewel Company buys 7100 shares of Marcelo Corp. at $28.54 per share...