A petty cash fund was established with a $ 600 balance. It currently has cash of...

A petty cash fund was established with a $ 600 balance. It currently has cash of $ 40 and petty cash tickets as shown below: Travel expense $ 100 Office supplies expense 250 Equipment rental expense 150 Which of the following would be included in the journal entry to replenish the Petty Cash fund?

Expert Solution

The entry would be

Various expenses	540
Cash (600-40)		540

ekkarill92 answered 2 years ago

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