Solution-How much cash needs to be credited in the journal

How much cash needs to be credited in the journal entry

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Reference no: EM132811369

Problem 1: A petty cash fund was established with a $200 balance. It currently has cash of $35 and petty cash tickets as follows: Office expense $130 and Entertainment Expense $50. How much cash needs to be credited in the journal entry to replenish the Petty Cash fund?

Group of answer choices

Option 1: $70

Option 2: $180

Option 3: $165

Option 4: $150

Reference no: EM132811369

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How much cash needs to be credited in the journal entry

Reference no: EM132811369

Reference no: EM132811369

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