Our company established a petty cash fund with a balance of $200. We have petty cash receipts for travel expenses that total $125. We have counted petty cash and found that we were $2 short.
Which of the following would be included in the entry to replenish the fund?
a. A credit to petty cash for $12
b. A credit to travel expenses for $125
c. A debit to cash over & short for $2
d. A credit to cash for $125
Answers: 2
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Our company established a petty cash fund with a balance of $200. We have petty cash receipts for tr...
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