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What the entry to replenish the petty cash fund will include

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Problem 1: Assume that the custodian of a $690 petty cash fund has $142.50 in coins and currency plus $526.50 in receipts at the end of the month. The entry to replenish the petty cash fund will include

Option 1: A debit to petty cash for $526.50

Option 2: A credit to cash for $526.50

Option 3: A credit to cash over and short $548

Option 4: A debit to cash for $506

Option 5: A debit to cash over and short for $21.00

Reference no: EM132952499

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