A petty cash fund was established with a $575 balance
It currently has cash of $45 and petty cash tickets as shown below:
Travel expense $100
Office supplies expense 300
Equipment rental expense 110
Which of the following would be included in the journal entry to replenish the Petty Cash fund?
A) debit to Cash Short & Over for $20
B) credit to Cash Short & Over for $20
C) debit to Petty Cash for $20
D) credit to Petty Cash for $20
A .Cash Short & Over = $575 - $100 - $300 - $110 - $45 = $20 short
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