Acompany wants to decrease its $200.00 petty cash fund to $75.00. the entry to reduce the fund is:

entry as  

Debit Cash is  $175

Credit Petty Cash Fund is $175

Explanation:

given data

pretty ash fund = $200.00

decrease cash fund to = $75

to find out

the entry to reduce the fund is

solution

we know that pretty cash fund is a small quantity of cash on hand i.e. used for the reimbursing small amounts payable

To record the reduce the fund is as

Debit Cash =  $200 - $75

Debit Cash =   $175

and

Credit Petty Cash Fund = $200 - $75    

Credit Petty Cash Fund = $175

so entry as  Debit Cash is  $175 and Credit Petty Cash Fund is $175

answer is a

explanation: