A$53 petty cash fund has cash of $24 and receipts of $37. the journal entry to replenish the account would include a

a. credit to petty cash for $37
b. credit to cash for $53
c. credit to cash short and over for $8
d. debit to cash for $24

correct option is C. credit to Cash Short and Over for $8

Explanation:

given data

petty cash = $53

cash = $24

receipts = $37

solution

here  credit to cash over and short that is

cash over and short = cash + receipts - petty cash   1

put here vale and we will get

cash over and short = $24 + $37 - $53

cash over and short = $8

so here correct option is C. credit to Cash Short and Over for $8

income increases, enabling consumers to buy more goods and services. ( c.)

answer: heh

explanation: