Sam's Tutoring Service's $550 petty cash fund has a shortage of $6. The facts are: $200 in valid receipts for expenses; $ 544$544 in coins and currency. The journal entry to replenish the petty cash fund would include a

a debit to expenses by $ 200 and  debit to Cash and short over by $ 6

Explanation:

The entry to replenish the petty cash fund would be

Miscellaneous Expenses         $ 200 Dr

Cash and Short over                $ 6  Dr

Cash                                                             $ 206 Cr

The shortage is recorded as an expense in the reimbursing entry with a debit to Cash Over and Short account .

The steps to follow while posting the entry are

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