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Business, 24.04.2020 18:33 alonzo8217

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: Multiple Choice

a. Debit to Petty Cash for $200.
b. Debit to Cash Over and Short for $18.
c. Credit to Cash for $182.
d. Credit to Inventory for $127.
e. Credit to Cash Over and Short for $18.

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