Blake Company established a petty cash fund in the amount of $400. At the end of the accounting period, the petty cash box contained receipts for expenditures amounting to $180 and $215 in cash. If the company records both the disbursements and replenishments to the fund, what effect will replenishing the fund have on total assets and expenses? Total Assets ExpensesA. -$180  +$185 B. -$185  +$185 C. -$185  +$180 D. -$180  +$180 

A. Option A
B. Option B
C. Option C
D. Option D


Answer: B

Business

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Business