A petty cash fund was established with a $600 balance
It currently has cash of $130 and petty cash tickets as shown below:
Travel expense $115
Office supplies expense 310
Equipment rental expense 45
Which of the following would be the journal entry to replenish the Petty Cash account?
A) debit various expenses $470; credit Cash $470
B) debit various expenses $470; credit Petty Cash $470
C) debit Cash $130; credit various expenses $130
D) credit Petty Cash $470; debit Cash $470
A .Calculations: $600 - $130 = $470
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