(Solution) If A Petty Cash Fund Is Established In The Amount Of $250, And Contains $153 In Cash And $94 In Receipts For Disbursements When It Is Replenished, | Snapessays.com


(Solution) If a petty cash fund is established in the amount of $250, and contains $153 in cash and $94 in receipts for disbursements when it is replenished,


If a petty cash fund is established in the amount of $250, and contains $153 in cash and $94 in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credits to the following accounts Petty Cash, $97. Cash, $97. Cash, $94; Cash Over and Short, $3. Petty Cash, $94.

 


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This question was answered on: May 23, 2022

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