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What journal entry to record replenishment include credit

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Reference no: EM132749964

Problem 1: If a petty cash fund is established in the amount of ?2,500, and contains ?2,000 in cash and ?450 in receipts for disbursements. When it is replenished, the journal entry to record replenishment should include credit to the following accounts

a.Petty Cash, ?450
b. Cash, ?450; Cash Over and Short, ?50
c.Petty Cash, ?500
d. Cash, ?500

Reference no: EM132749964

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