Assume that the custodian of a $450 petty cash fund has $62 in coins and currency plus $383 in receipts at the end of the month. The entry to replenish the petty cash fund will include:

A. A debit to Petty Cash for $383.
B. A debit to Cash for $378.
C. A credit to Cash for $383.
D. A debit to Cash Over and Short for $5.
E. A credit to Cash Over and Short for $5.


Answer: D

Business

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