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What entry record replenishment of the petty cash fund

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Question 1: On January 1, 20X1, Bauman Corporation established a petty cash fund of $300. On December 31, 20X1, the petty cash fund was examined and found to have receipts and documents for miscellaneous expenses amounting to $212. In addition, there was cash amounting to $80. What entry would be required to record replenishment of the petty cash fund on December 31, 20X1?

Option 1: A. Miscellaneous Expense          212

Cash Short and Over                 8

Petty Cash                            220

Option 1: B. Miscellaneous Expense         220

Cash Short and Over                 8

Cash                                    212

Option 1: C. Petty Cash                         212

Cash Short and Over                  8

Cash                                    220

Option 1: D. Miscellaneous Expense        212

Cash Short and Over                8

Cash                                  220

Reference no: EM132469266

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