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A company has a petty cash fund amount of $300. When replenished, it has petty cash receipts of $33 for gas expense, $31 for postage expense, $11 for supplies expense, and $12 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal entry, Cash would be credited for ________.A) $87B) $76C) $64
D) $75

Respuesta :

Answer:

correct option is A) $87  

Explanation:

given data

cash fund amount = $300

gas expense= $33

postage expense = $31

supplies expense = $11

miscellaneous expenses = $12

to find out

the journal entry, Cash would be credited for

solution

we prepare here journal entry that is express as

                                        journal entry

Date      accounts & explanation                        debit                credit

             Gas expense                                           $33

             Postage expense                                    $31

             Supplies expense                                   $11

             Miscellaneous expense                         $12

             Cash                                                                                    $  87

            cash = ( 33+31+11+12)

so correct option is A) $87  

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