s established at $100. After the first month, the cash in the petty cash box amounted to $21. The receipts in the petty cash box included a receipt from Office Depot for $32, a receipt from a grocery store for $26, and a postage COD receipt for $16. Which of the following would be included in the journal entry to replenish the petty cash fund Credit to Supplies Expense; $32 Credit to Cash; $74 Debit to Cash Short (Over); $5 Credit to Cash Short (Over); $5
s established at $100. After the first month, the cash in the petty cash box amounted to $21. The receipts in the petty cash box included a receipt from Office Depot for $32, a receipt from a grocery store for $26, and a postage COD receipt for $16. Which of the following would be included in the journal entry to replenish the petty cash fund Credit to Supplies Expense; $32 Credit to Cash; $74 Debit to Cash Short (Over); $5 Credit to Cash Short (Over); $5
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.6E
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The petty cash fund for Sunflower Co. was established at $100. After the first month, the cash in the petty cash box amounted to $21. The receipts in the petty cash box included a receipt from Office Depot for $32, a receipt from a grocery store for $26, and a postage COD receipt for $16. Which of the following would be included in the
Credit to Supplies Expense; $32 |
||
Credit to Cash; $74 |
||
Debit to Cash Short (Over); $5 |
||
Credit to Cash Short (Over); $5 |
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