A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit to:

a. Cash for $20

b. Petty Cash for $190

c. Cash Short and Over for $3

d. Cash for $180

A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit to:

d. Cash for $180

Explanation: As observed above the petty cash receipts are falling short of $3, But that will be adjusted with expenses as its a small amount and balance of $200 needs to be maintained in the petty cash.