Pelcher Co. maintains a $440 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $118 for office supplies, $156 for merchandise inventory, and $78 for miscellaneous expenses. There is a cash overage of $4. The Journal entry to replenish the fund on January 31 is: Multiple Choice Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Cr. Cash over and short, $4; Cr. Cash, $348. О Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Cr. Cash over and short, $4; Cr. Petty cash, $348. О Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4; Cr. Petty cash, $356. Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4; Cr. Cash, $356. O Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4; Cr. Petty cash, $440.
Pelcher Co. maintains a $440 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $118 for office supplies, $156 for merchandise inventory, and $78 for miscellaneous expenses. There is a cash overage of $4. The Journal entry to replenish the fund on January 31 is: Multiple Choice Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Cr. Cash over and short, $4; Cr. Cash, $348. О Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Cr. Cash over and short, $4; Cr. Petty cash, $348. О Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4; Cr. Petty cash, $356. Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4; Cr. Cash, $356. O Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4; Cr. Petty cash, $440.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 1PA: On September 1, French company has decided to initiate a petty cash fund in the amount of $800....
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Question
![Pelcher Co. maintains a $440 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $118 for
office supplies, $156 for merchandise inventory, and $78 for miscellaneous expenses. There is a cash overage of $4. The Journal entry to
replenish the fund on January 31 is:
Multiple Choice
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Cr. Cash over and short, $4; Cr.
Cash, $348.
О
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Cr. Cash over and short, $4; Cr.
Petty cash, $348.
О
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4;
Cr. Petty cash, $356.
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4;
Cr. Cash, $356.
O
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4;
Cr. Petty cash, $440.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7ab9f140-81a5-4aaa-b139-9123517da390%2Fba757a95-e9f0-4271-8aab-b2ff909c70fa%2Fayjeja2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Pelcher Co. maintains a $440 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $118 for
office supplies, $156 for merchandise inventory, and $78 for miscellaneous expenses. There is a cash overage of $4. The Journal entry to
replenish the fund on January 31 is:
Multiple Choice
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Cr. Cash over and short, $4; Cr.
Cash, $348.
О
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Cr. Cash over and short, $4; Cr.
Petty cash, $348.
О
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4;
Cr. Petty cash, $356.
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4;
Cr. Cash, $356.
O
Dr. Office Supplies Expense, $118; Dr. Merchandise inventory, $156; Dr. Miscellaneous expenses, $78; Dr. Cash over and short, $4;
Cr. Petty cash, $440.
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