Replenishing the petty cash fund, Accounting Basics

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Replenishing the petty cash fund

At the time the $400 petty cash fund is being replenished, the company's accountant finds vouchers totaling $340 and petty cash of
$50. Which of the following is recorded when replenishing the petty cash fund?

A. Debit cash $350

B. Debit various expenses $350

C. Credit cash $340

D. Debit cash over and short $10

E. Credit petty cash $340

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Accounting Basics: Replenishing the petty cash fund

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Accounting Basics: Replenishing the petty cash fund

Reference No:- TGS062362

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Replenishing the petty cash fund

Reference No:- TGS062362

Recent Questions Asked Accounting Basics

Q : What is the expected cost per unit

Q : Potential reactions of rivals

Q : Original long-run equliibrium price

Q : How many brackets should jasper produce in january

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