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Author Question: A 135 petty cash fund has cash of 18 and receipts of 120 . The journal entry to replenish the ... (Read 205 times)

penza

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on: Jul 5, 2018
A 135 petty cash fund has cash of 18 and receipts of 120 . The journal entry to replenish the account wouldinclude a
 a. credit to Petty Cash for 120
  b. debit to Cash for 120
  c. credit to Cash Over and Short for 3
  d. credit to Cash for 102

Question 2

Paid-in capital is divided into capital stock and retained earnings.
 
  Indicate whether the statement is true or false


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fromAlphatoOmega22

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Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

FALSE


penza

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

phuda

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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