Spencer co. has a $350 petty cash fund. at the end of the first month the accumulated receipts represent $58 for delivery expenses, $187 for merchandise inventory, and $27 for miscellaneous expenses. the fund has a balance of $78. the journal entry to record the reimbursement of the account includes a:

a. credit to cash for $272.
b. credit to cash over and short for $78.
c. debit to cash over and short for $78.
d. debit to petty cash for $350.
e. credit to inventory for $187.

Option (A) is correct.

Explanation:

Given that,

petty cash fund = $350

accumulated receipts for delivery expenses = $58

merchandise inventory = $187

miscellaneous expenses = $27

fund has a balance = $78

Therefore,

The journal entry for the reimbursement of the account is as follows:

Delivery expenses A/c             Dr. $58

Merchandise inventory A/c      Dr. $187

Miscellaneous expenses A/c    Dr. $27

To Cash A/c                                                   $272

(To record petty cash reimbursement)

A. Credit to Cash for $272.

Explanation:

The journal entry for the reimbursement of the account is as follows:

Delivery expenses A/c             Dr. $58

Merchandise inventory A/c      Dr. $187

Miscellaneous expenses A/c    Dr. $27

To Cash A/c                                                   $272

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.

answer the amount a seller is paid minus the cost of production;