Meng Co. maintains a $330 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $86 for office supplies, $172 for merchandise Inventory, and $26 for miscellaneous expenses. There is a cash shortage of $16. Based on this information, the amount of cash in the fund before the replenishment is: Multiple Choice $330. $62. O O O $30. $46. $284.
Meng Co. maintains a $330 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $86 for office supplies, $172 for merchandise Inventory, and $26 for miscellaneous expenses. There is a cash shortage of $16. Based on this information, the amount of cash in the fund before the replenishment is: Multiple Choice $330. $62. O O O $30. $46. $284.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 7E
Related questions
Question
![Meng Co. maintains a $330 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $86 for office
supplies, $172 for merchandise Inventory, and $26 for miscellaneous expenses. There is a cash shortage of $16. Based on this information, the
amount of cash in the fund before the replenishment is:
Multiple Choice
$330.
$62.
O
O
O
$30.
$46.
$284.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7ab9f140-81a5-4aaa-b139-9123517da390%2F02a1ec28-0f0e-4827-96c9-accc2f30e7ed%2F8jo8wo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Meng Co. maintains a $330 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $86 for office
supplies, $172 for merchandise Inventory, and $26 for miscellaneous expenses. There is a cash shortage of $16. Based on this information, the
amount of cash in the fund before the replenishment is:
Multiple Choice
$330.
$62.
O
O
O
$30.
$46.
$284.
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