Step 1:- Debit the Petty Cash Account: Journal Entry: Petty Cash $200 Explanation:- Petty Cash is an asset account, and we need to increase it to its original balance of $200. Step 2:- Credit the Cash Account: We credit the Cash account to reflect the cash that's being used to replenish the petty cash fund. The total amount of cash spent plus receipts is $35 (cash on hand) + $156 (receipts) = $191. Journal Entry: Cash $191 So, the complete journal entry is: Debit: Petty Cash $200 Credit: Cash $191 Explanation:- <span style="color: rgb(13, 13, 13); font-family: Söhne, ui-sans-serif, system-ui, -apple-system, "Segoe UI", Roboto, Ubuntu, Cantarell, "Noto Sans", sans-serif, "Helvetica Neue", Arial, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px; text-align: start; white-space-collapse: preserve;">This entry ensures that the Petty Cash account is back to its original balance of $200, while the Cash account reflects the disbursement of $191 to replenish the petty cash fund. <span style="color: rgb(13, 13, 13); font-family: Söhne, ui-sans-serif, system-ui, -apple-system, "Segoe UI", Roboto, Ubuntu, Cantarell, "Noto Sans", sans-serif, "Helvetica Neue", Arial, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px; text-align: start; white-space-collapse: preserve;"> Final Answer:- <span style="color: rgb(13, 13, 13); font-family: Söhne, ui-sans-serif, system-ui, -apple-system, "Segoe UI", Roboto, Ubuntu, Cantarell, "Noto Sans", sans-serif, "Helvetica Neue", Arial, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px; text-align: start; white-space-collapse: preserve;">the correct answer is c. Petty Cash for $191. <span style="color: rgb(13, 13, 13); font-family: Söhne, ui-sans-serif, system-ui, -apple-system, "Segoe UI", Roboto, Ubuntu, Cantarell, "Noto Sans", sans-serif, "Helvetica Neue", Arial, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px; text-align: start; white-space-collapse: preserve;">

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Accounting

Accounting

Anu Bhardwaj

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