Business, 13.11.2019 00:31 crystalxolotp4q3la
Havermill co. establishes a $250 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated receipts on that date represent $73 for office supplies, $137 for merchandise inventory, and $22 for miscellaneous expenses. the fund has a balance of $18. on october 1, the accountant determines that the fund should be increased by $50. the journal entry to record the increase in the fund balance on october 1 is:
debit petty cash $300; credit cash $300.
debit cash $50; credit petty cash $50.
debit miscellaneous expense $50; credit cash $50.
debit petty cash $50; credit accounts payable $50
debit petty cash $50; credit cash $50.
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Havermill co. establishes a $250 petty cash fund on september 1. on september 30, the fund is replen...
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