A petty cash fund of 200 has 17 in cash, 180 in petty cash ...

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A petty cash fund of 200 has 17 in cash, 180 in petty cash vouchers, and 3 in miscellaneous receipts not included with the petty cash vouchers. The proper journal entry to replenish the fund would include a credit to Cash for
 a. 3.
   b. 17.
   c. 180.
   d. 183.

Question 2

The employees of Roll n Dough, Inc get paid every Friday for a 5-day workweek (Monday through Friday). The total payroll is 3,000 per day of work.
 
  If the accounting period ends on Thursday of a given week, what adjustment must be made to the company's accounting records?
  A) Increase Salaries payable by 15,000 and decrease shareholders' equity by recognizing Salaries expense for the same amount.
  B) Increase Salaries payable by 12,000 and decrease shareholders' equity by recognizing Salaries expense for the same amount.
  C) Decrease Cash by 12,000 and decrease shareholders' equity by recognizing Salaries expense for the same amount.
  D) No adjustment is necessary because there is no expense until the employees are paid on Friday.

[jessicaduplan]

Answer to Question 1

d

Answer to Question 2

B