The Appleton entity established a $200 Petty Cash fund on June 1, 200X On June...

80.2K

Verified Solution

Question

Accounting

image
The Appleton entity established a $200 Petty Cash fund on June 1, 200X On June 30, 200x the fund had $40 in cash and the following receipts: Delivery Expense $75, Office Supplies expense $55, and Postage expense $25. The entry to replenish the fund is O A. DR Cash 160; CR Petty cash 160 O B. DR Petty Cash 160: CR Cash 160 o c. DR Delivery Expense 75, Office Supsplies Expense 55 Postage Expense 25, cash Over & Short 5; DR Cash 160 D.DR Cash 160, CR Delivery Expense 75, Office Supplles Expense 55, Postage Expense 25, Cash Over&Short

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