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Business, 23.08.2020 14:01 canonmille2

Spencer Co. has a $200 petty cash fund. At the end of the first month the accumulated receipts represent $43 for delivery expenses, $127 for merchandise inventory, and $12 for miscellaneous expenses. The fund has a balance of $18. The journal entry to record the reimbursement of the account includes a:. a. Debit to Petty Cash for $200.
b. Debit to Cash Over and Short for $18
c. Credit to Cash for $182

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Spencer Co. has a $200 petty cash fund. At the end of the first month the accumulated receipts repre...

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