Assume that the custodian of a $450 petty cash fund has $57.10 in coins and currency plus $387.00 in receipts at the end of the month. The entry to replenish the petty cash fund will include:

A. A credit to Cash for $392.90.
B. A debit to Petty Cash for $387.00.
C. A credit to Cash Over and Short for $5.90.
D. A debit to Cash for $392.90.
E. A debit to Cash for $381.10.


Answer: A

Business

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