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9 May, 17:11

A company writes a check to replenish a $100 petty cash fund when the fund contains receipts of $94 and $3 in cash. in recording the check, the company should

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  1. 9 May, 17:39
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    The answer is the company should debit cash Over and short for $3. If a company writes a check to replenish a $100 petty cash fund when the fund contains receipts of $94 and $3 in cash.

    It is an income statement account in which shortages or overages in cash are recorded, it is called cash short and over.
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