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What entry would be required to record replenishment

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Problem 1: On January 1, 2020, Kay Corporation established a petty cash fund of Php400. On December 31, 2020, the petty cash fund was examined and found to have receipts and documents for miscellaneous expenses amounting to Php364. In addition, there was cash amounting to Php44. What entry would be required to record replenishment of the petty cash fund on December 31, 2020.

A. Dr. Miscellaneous Expense Php356; Dr. Cash short or over; Cr. Cash in bank Php364

B. Dr. Petty cash fund Php364; Cr Cash short or over Php8; Cr. Cash in bank Php356

C. Dr. Miscellaneous Expense Php364; Cr Cash short or over Php8; Cr Cash in bank Php356

D. Dr. Miscellaneous Expense Php364; Cr Cash short or over Php8; Cr Petty Cash Php356

 

Reference no: EM132612803

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