Blake Company established a petty cash fund in the amount of…
Blake Company established a petty cash fund in the amount of $400. At the end of the accounting period, the petty cash box contained receipts for expenditures amounting to $180 and $215 in cash. If the company records both the disbursements and replenishments to the fund, what effect will replenishing the fund have on total assets and expenses? Total Assets ExpensesA.−$ 180+$ 185B.−$ 185+$ 185C.−$ 185+$ 180D.−$ 180+$ 180