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Business, 06.03.2020 03:47 dondre54

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

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