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ich a irm Monitorine and c cash system? at is used to record the amount of cash shortages or overages relative to a peny A. Petty Cash Payable B. Petty Cash C. Cash Short and Over D. Petty Cash Expense 7. In a company's bank reconciliation, an outstanding check is a check that A. is guaranteed for payment by the bank B. has been issued by the company but has not been C. has been wri presented to the bank for payment. tten for an amount that is lower than the balance in the account holder's bank account. been written for an amount that is greater than the balance in the account holder's bank account 8. On April 30, 2017, Southern Company established a petty cash fund of $1.000. On May 2017, a disbursement of $255 was made from the fund for payment of delivery expense entry should be made on May 1, 2017 to record this disbursement? A. Debit delivery expense, $255; credit cash, $255 B. Debit petty cash, $255; credit cash, $255. Debit delivery expense, $255; credit petty cash $255. No entry necessary ich a irm Monitorine and c cash system? at is used to record the amount of cash shortages or overages relative to a peny A. Petty Cash Payable B. Petty Cash C. Cash Short and Over D. Petty Cash Expense 7. In a company's bank reconciliation, an outstanding check is a check that A. is guaranteed for payment by the bank B. has been issued by the company but has not been C. has been wri presented to the bank for payment. tten for an amount that is lower than the balance in the account holder's bank account. been written for an amount that is greater than the balance in the account holder's bank account 8. On April 30, 2017, Southern Company established a petty cash fund of $1.000. On May 2017, a disbursement of $255 was made from the fund for payment of delivery expense entry should be made on May 1, 2017 to record this disbursement? A. Debit delivery expense, $255; credit cash, $255 B. Debit petty cash, $255; credit cash, $255. Debit delivery expense, $255; credit petty cash $255. No entry necessary

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