During the month a company paid $54.75 for office supplies and $63.22 for miscellaneous expenses from the petty cash fund. The entry to replenish the petty cash fund at the end of the month would include

A. a credit to Office Supplies for $54.75.
B. a debit to Cash for $117.97.
C. a debit to Petty Cash for $117.97.
D. a credit to Cash for $117.97.


Answer: D

Business

You might also like to view...

News media and web searches can provide useful information related to client management's integrity and the risk of material misstatement in the financial statements

a. True b. False Indicate whether the statement is true or false

Business

The method of project selection that brings the time value of money into capital investment analysis is the

a. rate of return on initial investment. b. net present value method. c. payback method. d. accounting rate-of-return method.

Business

What is the best way for a marketing manager to measure a firm's marketing performance?

A. initiate a marketing plan B. compare the firm's marketing plans C. develop a marketing plan D. create a single marketing strategy E. perform marketing analytics

Business

What targets sales opportunities by finding new customers or companies for future sales?

A. Sales management system. B. Contact management system. C. Opportunity management system. D. Sales force automation system.

Business