At the end of the month, Brown Co.'s petty cash fund contains $4 in cash and receipts for postage of $50 and delivery expenses of $46.

At the end of the month, Brown Co.'s petty cash fund contains $4 in cash and receipts for postage of $50
and delivery expenses of $46. It started out with $100 in the fund at the beginning of the month.
Demonstrate the journal entry to replenish the account by choosing the correct action from those given
below.

Petty Cash is debited for $96.
Cash is credited for $96.
Petty Cash is credited for $96.
Gash Is debited for $96.

Which of the following are correct regarding why management uses internal controls? (Check all that

apply.) 

Ensure reliable accounting.

Increase revenues.

Reduce vendor payables.

Protect assets.

Urge adherence to company policies.

Promote efficient operations.