In: Accounting
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 |
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