Reference no: EM132568139
As of December 31, 20x1, the petty cash fund of TUMULT COMMOTION co. with a general ledger balance of 15,000 comprises the following
Coins and Currencies 2,550
Petty cash voucher:
Gasoline for delivery equipment 3,000
Medical supplies for employees 2,040
IOU's:
Advances to employees 2,220
A sheet of paper with names of several employees together with the contribution to bereaved employees, attached is a currency of 2,400
Checks:
Check drain to the order of the petty cash custodian 3,000
Personal check drawn by the petty cash custodian 2,400
Question 1: The entity to record the replenishment of the petty cash fund includes:
a. A credit to cash short/overage account of 810 and a credit to cash of 12,450
b. A debit to cash short/overage account of 2,190 and a crest to cash on hand of 9,450
c. A debit to cash short/overage account of 2,190 and a credit to cash in bank of 9,450
d. Answer not given
e. A debit to cash short/overage account of 810 and a credit to petty cash fund of 12,450
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