1) During 2010, Tempo Inc has monthly cash expenses of $115,000

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1) During 2010, Tempo Inc has monthly cash expenses of $115,000. On December 31, 2010, their cash balance is $1,437,500. The ratio of cash to monthly cash expenses is
A. 8.0
B. 12.5
C. 87.5
D. 11.5
2) A $100 petty cash fund contains $91 in petty cash receipts, and $4.75 in currency and coins. The journal entry to record the replenishment of the fund would include a
A.    credit to Petty Cash for $95.75.
B.    credit to Cash for $90.
C.    debit to Cash Short and Over for $4.25.
D.    credit to Cash Short and Over for $4.25.
3) A $140 petty cash fund has cash of $20 and receipts of $117. The journal entry to replenish the account would include a credit to
A.    Cash for $20.
B.    Cash Over and Short for $3.
C.    Petty Cash for $120.
D.    Cash for $120.