Business, 21.03.2020 02:06, gamerella101

Childers Company has an established petty cash fund in the amount of $400. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts:

December 4 Freight charge for merchandise purchased $62
December 7 Delivery charge for shipping to customer $46
December 12 Purchase of office supplies $30
December 18 Donation to charitable organization $51

If, in addition to these receipts, the petty cash fund contains $201 of cash, the journal entry to reimburse the fund on December 31 will include:

a. A debit to Transportation-In of $73.
b. A debit to Petty Cash of $189.
c. A credit to Office Supplies of $66.
d. A credit to Cash Over and Short of $10.
e. A credit to Cash of $199.

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Childers Company has an established petty cash fund in the amount of $400. The fund was last reimbur...