A$100 petty cash fund contains $91 in petty cash receipts and $11 in currency and coins. the journal entry to record the replenishment of the fund would include a
a. credit to cash for $91.
b. credit to cash short and over for $2.
c. credit to petty cash for $91.
d. debit to cash short and over for $2.
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Ответ:
C
Explanation:
in the journal entry to replenish the petty cash fund, the expenses that this fund has paid must be recognized.
so the first step is option C
journal entry n 1
Expenses (miscellaneous) $91.
petty cash fund $91
and then since the fixed fund has $ 11 in cash, its replacement is for $ 89 to reach the $ 100 fool
journal entry n 2
petty cash fund $ 89
Cash $89
Ответ:
Only idiots would ever copy and paste a link on/p>
Explanation: