Question

A petty cash fund of $100 is replenished when the fund contains $3 in cash and receipts for $93. The entry to replenish the fund would


debit Cash Over and Short for $4.

credit Miscellaneous Revenue for $4.

credit Cash Over and Short for $4.

debit Miscellaneous Expense for $4.
Answer would be credit cash over short $4..

Credit means to put back and debit means to take away.

Petty cash is always replenished after moeny is used. If you used 93.00 and had 3.00 still in petty cash that would = 96.00 leaving the petty cash 4.00 unacountable for which is a shortage
credit Cash Over and Short for $4.

Related Questions

A petty cash fund of $100 is replenished when the fund contains $5 in cash and receipts for $92. The... Replenished the $200.00 petty cash fund. Receipts were submitted for the following:office supplies,... 15. ABC replenished the petty fund by writing a check for 195. On this date, the fund consisted o... Journalize each of the following petty cash transactions: Question Content Area a. Issued a che...