Multiple Choice
Brown Industries plans to decrease a $294 petty cash fund to $108.The current balance in the account includes $60 in receipts and $234 in currency.The entry to reimburse and reduce the size of the petty cash fund will include a:
A) credit to Cash for $126.
B) debit to Cash for $126.
C) debit to Petty Cash for $60.
D) debit to Petty Cash for $108.
Correct Answer:
Verified
Correct Answer:
Verified
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