A $102 petty cash fund contains $90 in petty cash receipts, and $7 in currency and coins. Which of the following would be part of the journal entry to replenish the account? Select the correct answer. credit to Cash for $90 debit to Cash Short and Over for $5 credit to Petty Cash for $102 credit to Cash Short and Over for $5
A $102 petty cash fund contains $90 in petty cash receipts, and $7 in currency and coins. Which of the following would be part of the journal entry to replenish the account? Select the correct answer. credit to Cash for $90 debit to Cash Short and Over for $5 credit to Petty Cash for $102 credit to Cash Short and Over for $5
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 6SEB
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A $102 petty cash fund contains $90 in petty cash receipts, and $7 in currency and coins. Which of the following would be part of the
Select the correct answer.
credit to Cash for $90
debit to Cash Short and Over for $5
credit to Petty Cash for $102
credit to Cash Short and Over for $5
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