A company has a petty cash fund amount of $300. When replenished, it has petty cash receipts of $33 for gas expense, $31 for postage expense, $11 for supplies expense, and $12 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal entry, Cash would be credited for ________.
A) $87
B) $76
C) $64
D) $75
A .Amount of cash spent = $33 + $31 + $11 + $12 = $87
Business
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