Business, 24.10.2019 04:30 Teedollasign
Havermill co. establishes a $250 petty cash fund on september 1. on september 30, the fund is reimbursed. 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:
credit to cash for $18.
credit to merchandise inventory for $137.
credit to cash for $250.
debit petty cash for $232.
debit to office supplies for $73.
Answers: 3
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Havermill co. establishes a $250 petty cash fund on september 1. on september 30, the fund is reimbu...
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