An inventory of Shi Maria Resort's petty cash fund (total = $200) found the following: Travel...

An inventory of Shi Maria Resort's petty cash fund (total = $200) found the following:

Travel expense voucher $20

Office supply voucher $15

Coins and banknotes $170

Based on this inventory, the bookkeeper's journal entry should contain....

A Cash Short and Over for $5 credit

None of these

A Cash Short and Over for $15 credit

A Cash Short and Over for $5 debit

Expert Solution

Answer

Option A.Cash Short and Over for $5 credit

Travel expense Dr $20

Office supply Dr $15

Coins and banknotes Dr $170

To Cash $200

To Cash Short and Over $5

ekkarill92 answered 2 years ago

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