A petty cash fund was established with a $150 balance. It currently has cash of $25 and petty cash tickets as follows: Office expense $120 and Entertainment Expense $20
Which of the following would be included in the journal entry to replenish the Petty Cash fund?
A) debit to Cash Short & Over for $10
B) credit to Cash Short & Over for $15
C) credit to Cash Short & Over for $10
D) debit to Cash Short & Over for $15
B .Cash Short & Over = $150 - $120 - $20 - $25 = $15 over
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