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TB MC Qu. 06-149 (Algo) Pelcher Company maintains a... Pelcher Company maintains a $410 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $112 for office supplies, $144 for merchandise Inventory, and $72 for miscellaneous expenses. There is a cash overage of $4. The journal entry to replenish the fund on January 31 Is: Multiple Choice О Debit Office Supplies Expense, $112; Debit Merchandise Inventory. $144; Debit Miscellaneous expenses, $72; Debit Cash over and short, $4; Credit Petty cash, $332 Debit Office Supplies Expense, $112, Debit Merchandise Inventory, $144, Debit Miscellaneous expenses, $72, Debit Cash over and short, $4; Credit Cash, $332 Debit Office Supplies Expense, $112, Debit Merchandise inventory, $144; Debit Miscellaneous expenses, $72; Credit Cash over and short, $4; Credit Petty cash, $324.

TB MC Qu. 06-149 (Algo) Pelcher Company maintains a... Pelcher Company maintains a $410 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $112 for office supplies, $144 for merchandise Inventory, and $72 for miscellaneous expenses. There is a cash overage of $4. The journal entry to replenish the fund on January 31 Is: Multiple Choice О Debit Office Supplies Expense, $112; Debit Merchandise Inventory. $144; Debit Miscellaneous expenses, $72; Debit Cash over and short, $4; Credit Petty cash, $332 Debit Office Supplies Expense, $112, Debit Merchandise Inventory, $144, Debit Miscellaneous expenses, $72, Debit Cash over and short, $4; Credit Cash, $332 Debit Office Supplies Expense, $112, Debit Merchandise inventory, $144; Debit Miscellaneous expenses, $72; Credit Cash over and short, $4; Credit Petty cash, $324.

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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TB MC Qu. 06-149 (Algo) Pelcher Company maintains a... Pelcher Company maintains a $410 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $112 for office supplies, $144 for merchandise Inventory, and $72 for miscellaneous expenses. There is a cash overage of $4. The journal entry to replenish the fund on January 31 Is: Multiple Choice О Debit Office Supplies Expense, $112; Debit Merchandise Inventory, $144; Debit Miscellaneous expenses, $72; Debit Cash over and short, $4; Credit Petty cash, $332 Debit Office Supplies Expense, $112; Debit Merchandise Inventory, $144, Debit Miscellaneous expenses, $72, Debit Cash over and short, $4; Credit Cash, $332 Debit Office Supplies Expense, $112; Debit Merchandise inventory, $144, Debit Miscellaneous expenses, $72; Credit Cash over and short, $4, Credit Petty cash, $324.
Transcribed Image Text:TB MC Qu. 06-149 (Algo) Pelcher Company maintains a... Pelcher Company maintains a $410 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $112 for office supplies, $144 for merchandise Inventory, and $72 for miscellaneous expenses. There is a cash overage of $4. The journal entry to replenish the fund on January 31 Is: Multiple Choice О Debit Office Supplies Expense, $112; Debit Merchandise Inventory, $144; Debit Miscellaneous expenses, $72; Debit Cash over and short, $4; Credit Petty cash, $332 Debit Office Supplies Expense, $112; Debit Merchandise Inventory, $144, Debit Miscellaneous expenses, $72, Debit Cash over and short, $4; Credit Cash, $332 Debit Office Supplies Expense, $112; Debit Merchandise inventory, $144, Debit Miscellaneous expenses, $72; Credit Cash over and short, $4, Credit Petty cash, $324.
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