At the end of the month, Brown Co.'s petty cash fund contains $4 in cash and receipts for postage of $50 and delivery expenses of $46. It started out with $100 in the fund at the beginning of the month. Demonstrate the journal entry to replenish the account by choosing the correct action from those given below.
A. Petty Cash is credited for $96.
B. Cash is debited for $96.
C. Petty Cash is debited for $96.
D. Cash is credited for $96.
Answers: 1
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