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 entries to record the disbursements and to replenish the fund are combined, what effect will the entries to replenish 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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