Financial Accounting

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Entry to Replenish Petty Cash Includes?

FINACT-P84PZU

A petty cash fund of \$100 is replenished when the total fund contains \$6 in cash and receipts totaling \$91.

The entry to replenish the petty cash fund would include:

A

Debit to Petty Cash for \$100.

B

Credit to Cash for \$91.

C

Debit to Cash Over or Short for \$3.

D

Credit to Cash Over or Short for \$3.