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Meng Company maintains a $355 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $91 for office supplies, $182 for merchandise inventory, and $31 for miscellaneous expenses. There is a cash shortage of $11. The journal entry to replenish the fund on January 31 is: The folling answer choices are provided below Debit Office Supplies Expense, $91; Debit Merchandise Inventory, $182. Debit Miscellaneous Experisas, $31, Credit Cash Over and Short $11, Credit Petty Cash, $355. Debit Office Supplies Expense, $91, Debit Merchandise Inventory, $182, Debit Miscellaneous Expenses, $3 Debit Cash Over and Short, $11, Creat Petty Cash, $315. Dobit Office Supplies Expense, $9 Deoit Merchandise Inventory, $182; Debit Miscellaneous Experises, $31, Debit Cash Over and Short, $t; Credit Cash, $315. Debit Office Supplies Expense. 59% Debit Merchandise Inventory, $182: Debill Miscelaneous Expenses $31 Credit Cash Over and Short, $11. Credit Petty Cash, $293 Debit Office Supplies Expense, 591; Dobil Merchandise inventory $82; Debt Miscellaneous Dipernes, $31 Credit Cash Over and Short, $11; Credit Cash. $299.

Meng Company maintains a $355 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $91 for office supplies, $182 for merchandise inventory, and $31 for miscellaneous expenses. There is a cash shortage of $11. The journal entry to replenish the fund on January 31 is: The folling answer choices are provided below Debit Office Supplies Expense, $91; Debit Merchandise Inventory, $182. Debit Miscellaneous Experisas, $31, Credit Cash Over and Short $11, Credit Petty Cash, $355. Debit Office Supplies Expense, $91, Debit Merchandise Inventory, $182, Debit Miscellaneous Expenses, $3 Debit Cash Over and Short, $11, Creat Petty Cash, $315. Dobit Office Supplies Expense, $9 Deoit Merchandise Inventory, $182; Debit Miscellaneous Experises, $31, Debit Cash Over and Short, $t; Credit Cash, $315. Debit Office Supplies Expense. 59% Debit Merchandise Inventory, $182: Debill Miscelaneous Expenses $31 Credit Cash Over and Short, $11. Credit Petty Cash, $293 Debit Office Supplies Expense, 591; Dobil Merchandise inventory $82; Debt Miscellaneous Dipernes, $31 Credit Cash Over and Short, $11; Credit Cash. $299.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Meng Company maintains a $355 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $91 for office supplies, $182 for merchandise inventory, and $31 for miscellaneous expenses. There is a cash shortage of $11. The journal entry to replenish the fund on January 31 is: The folling answer choices are provided below Debit Office Supplies Expense, $91; Debit Merchandise Inventory, $182: Debit Miscellaneous Expensas, $31; Credit Cash Over and Short. $11, Credit Petty Cash, $355. Debit Office Supplies Expense, $91, Debit Merchandise Inventory, $182, Debit Miscellaneous Expenses. $3: Debit Cash Over and Short, $11, Creat Petty Cash, $315. Dobit Office Supplies Expense, $9%; Deoit Merchandise Inventory, $182; Debit Miscellaneous Experises, $31; Debit Cash Over and Short $1; Credit Cash, $315. Debit Ofice Supplies Expense, 59, Debit Merchandise Inventory, $182: Disbill Miscelaneous Excenses, $31, Credit Cash Over and Short, $11, Credit Petty Cash, $293 Debit Office Supplies Expense, 591; Debil Merchandise inventory, $182; Debit Miscellaneous Expertes, $31 Credit Cash Over and Shart, $11; Credit Cash, $298.
Transcribed Image Text:Meng Company maintains a $355 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $91 for office supplies, $182 for merchandise inventory, and $31 for miscellaneous expenses. There is a cash shortage of $11. The journal entry to replenish the fund on January 31 is: The folling answer choices are provided below Debit Office Supplies Expense, $91; Debit Merchandise Inventory, $182: Debit Miscellaneous Expensas, $31; Credit Cash Over and Short. $11, Credit Petty Cash, $355. Debit Office Supplies Expense, $91, Debit Merchandise Inventory, $182, Debit Miscellaneous Expenses. $3: Debit Cash Over and Short, $11, Creat Petty Cash, $315. Dobit Office Supplies Expense, $9%; Deoit Merchandise Inventory, $182; Debit Miscellaneous Experises, $31; Debit Cash Over and Short $1; Credit Cash, $315. Debit Ofice Supplies Expense, 59, Debit Merchandise Inventory, $182: Disbill Miscelaneous Excenses, $31, Credit Cash Over and Short, $11, Credit Petty Cash, $293 Debit Office Supplies Expense, 591; Debil Merchandise inventory, $182; Debit Miscellaneous Expertes, $31 Credit Cash Over and Shart, $11; Credit Cash, $298.
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