QUESTION 6 A petty cash fund was established with a $600 balance. It currently has...

80.2K

Verified Solution

Question

Accounting

image
QUESTION 6 A petty cash fund was established with a $600 balance. It currently has cash of $25 and petty cash tickets as shown below. ravel expense Office supplies Equipment rental expense Which of the following would be the journal entry to replenish the Petty Cash account? $130 $305 $85 Debit to Cash Short & Over for $55 Credit Cash Short & Over for $55 Credit Petty Cash $55 Debit Petty Cash $55

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