A petty cash fund was established with a $400 balance. It currently has cash of $41 and petty cash tickets totaling $359. Which of the following would be included in the entry to replenish the fund?
A) a credit to Petty Cash for $359
B) a debit to Petty Cash for $41
C) a credit to Cash for $41
D) a credit to Cash for $359
D) a credit to Cash for $359
You might also like to view...
Adjusting entries to record depreciation expense increase operating expenses and reduce net income but do not require an outflow of cash
a. True b. False Indicate whether the statement is true or false
Jack is the sales representative of a company that designs and installs modular kitchens. The company's salesforce is trained to customize their offerings as per customer requirements
After analyzing factors such as the space available and the budget, Jack provides personalized designs to individual customers. What kind of a salesperson is Jack? Briefly explain your answer.
Describe the three different levels of a product
What will be an ideal response?
Net income was $ 51,000 for the year. The accumulated depreciation balance increased by $14,000 over the year. There were no sales of fixed assets or changes in noncash current assets or liabilities. Under the indirect method, the cash flow from operations is $37,000
Indicate whether the statement is true or false