Solution for QID #37461: 1) During 2010, Tempo Inc has monthly cash expenses of $115, | StudyHelpMe

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.