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The petty cash fund had an initial imprest balance of​ $230. It currently has​ $15 in​ cash, $3 in miscellaneous petty cash​ tickets, and an additional​ $207 in specific petty cash tickets. The debit to Cash Short​ & Over would be​ ________.

Respuesta :

Answer:

The debit to Cash Short​ & Over would be = $ 5

Explanation:

Given data:

initial imprest balance = $ 230

current cash = $ 15

miscellaneous petty cash​ tickets = $ 3

specific petty cash tickets = $ 207

The debit to Cash Short​ & Over would be calculated as:

= Initial imprest balance - ( current cash + miscellaneous petty cash​ tickets + specific petty cash tickets)

or

= $ 230 - $ 15 - $ 3 - $ 207

or

The debit to Cash Short​ & Over would be = $ 5

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