A Petty Cash Fund Was Established with a $400 Balance

A petty cash fund was established with a $400 balance.It currently has cash of $9 and petty cash tickets as shown below. $\begin{array}{|l|r|}\hline \text { Travel expense } & \$ 120 \\\hline \text { Office supplies } & \$ 200 \\\hline \text { Equipment rental expense } & \$ 70\\\hline \end{array}$ The journal entry to replenish the account would be which of the following:

A) Debit to Cash short & over for $1
B) Credit Cash short & over for $1
C) Debit Petty cash fund $1
D) Credit Petty cash fund $1

Correct Answer:

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