Question

Triple Company's accountant made an entry that included the following items: debit postage expense $13.72, debit office supplies expense $28.63, debit cash over/short $3.49. If the original amount in petty cash is $346, how much was the credit to cash for the reimbursement? Multiple Choice

A. $42.35.
B. $346.
C. $45.84.

Answer 1

C. $45.84.

Step-by-step explanation:

The account will debit the cash uses and cash short

Then, it will credit cash for the sum of these.

The petty cash fund account is not used to record the replenishment of the fund

postage expense 13.72 debit

office supplies expense 28.63 debit

cash short 3.49 debit

cash 45,84 credit

--to record the replenishment of the petty fund