The entry to close a petty cash fund includes a debit to Select one: a. Petty Cash. b. Freight-In. c. Postage Expense. d. Cash.
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So, we need to debit the accounts that were used to pay for those expenses. In this case, the options given are: a. Petty Cash: This is the account that we are replenishing, so we need to debit it. b. Freight-In: This account is not related to petty cash Show more…
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