Mathematics, 06.06.2020 16:58 mili74
Spencer Co. Has a $310 petty cash fund. At the end of the first month the accumulated receipts represent $54 for delivery expenses, $171 for merchandise inventory, and $23 for miscellaneous expenses. The fund has a balance of $62. The journal entry to record the reimbursement of the account includes a: Multiple Choice Debit to Petty Cash for $310. Debit to Cash Over and Short for $62. Credit to Cash for $248. Credit to Inventory for $171. Credit to Cash Over and Short for $62.
Answers: 2
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Spencer Co. Has a $310 petty cash fund. At the end of the first month the accumulated receipts repre...
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