Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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Transcribed Image Text:Pelcher Co. maintains a $440 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $118 for
office supplies, $156 for merchandise inventory, and $78 for miscellaneous expenses. There is a cash overage of $4. The Journal entry to
replenish the fund on January 31 is:
Multiple Choice
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Cr. Cash over and short, $4; Cr.
Cash, $348.
О
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Cr. Cash over and short, $4; Cr.
Petty cash, $348.
О
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4;
Cr. Petty cash, $356.
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4;
Cr. Cash, $356.
O
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4;
Cr. Petty cash, $440.
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