Business
Business, 19.03.2020 08:42, 0143623

Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $73 for Office Supplies, $137 for merchandise inventory, and $22 for miscellaneous expenses. The fund has a balance of $18. On October 1, the accountant determines that the fund should be increased by $50. The journal entry to record the reimbursement of the fund on September 30 includes a: Multiple Choice Credit to Cash for $250. Debit Petty Cash for $232. Credit to Merchandise Inventory for $137. Credit to Cash for $18. Debit to Office Supplies for $73.

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Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replen...

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