Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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The custodian of a $540 petty cash fund discovers that the fund has $92.50 in coins and currency plus $436.50 In receipts at the end of the month.
The entry to replenish the petty cash fund will include:
Multiple Choice
A debit to Cash for $426.
A debit to Cash Over and Short for $11.00.
A credit to Cash Over and Short for $448.
O
A debit to Petty Cash for $436.50.
0.
A credit to Cash for $436.50.
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Transcribed Image Text:The custodian of a $540 petty cash fund discovers that the fund has $92.50 in coins and currency plus $436.50 In receipts at the end of the month. The entry to replenish the petty cash fund will include: Multiple Choice A debit to Cash for $426. A debit to Cash Over and Short for $11.00. A credit to Cash Over and Short for $448. O A debit to Petty Cash for $436.50. 0. A credit to Cash for $436.50.
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