A $80 petty cash fund has cash of $11 and recipients of $46. The journal entry t

Question

A $80 petty cash fund has cash of $11 and recipients of $46. The journal entry to replenish the account would include a credit to A $80 petty cash fund has cash of $11 and recipients of $46. The journal entry to replenish the account would include a credit to A $80 petty cash fund has cash of $11 and recipients of $46. The journal entry to replenish the account would include a credit to A $80 petty cash fund has cash of $11 and recipients of $46. The journal entry to replenish the account would include a credit to

Explanation / Answer

The correct answer is : Credit to Cash $ 69

Note :

Cash Over and Short =($ 100 - 46) - $ 11

= $ 23

Hence Credit to Cash = $ 46 + $ 23

= $ 69

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