The journal entry to replenish the account would include cash short of [tex]\boxed{\$ 13}.[/tex]
Further explanation:
Given:
Petty cash fund has a cash of [tex]\$ 54[/tex] and a receipts of [tex]\$ 83.[/tex]
The total amount has to be in the petty cash fund is [tex]\$ 150.[/tex]
Explanation:
The cash amount for petty fund is [tex]\$ 54.[/tex]
The receipt of [tex]\$ 83[/tex] for petty fund.
The amount for the petty is [tex]\$ 150.[/tex]
The total amount for petty fund can be calculated as follows,
[tex]\begin{aligned}{\text{Amount}} &= 54 + 83\\&= \$ 137\\\end{aligned}[/tex]
The journal entry to replenish the account would include cash short can be obtained as follows,
[tex]\begin{aligned}{\text{Short over amount}} &= 150 - 137\\&= \$ 13\\\end{aligned}[/tex]
The journal entry to replenish the account would include cash short of [tex]\boxed{\$ 13}.[/tex]
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Answer details:
Grade: High School
Subject: Mathematics
Chapter: Profit and loss
Keywords: petty cash fund, $150, cash, receipts, $83, journal entry, replenish, account, funded, fund, debit cash short, cash short over, $54.
