Question: ACC112 Q2 Please help Moon Co. decides to establish a petty cash fund with a beginning balance of $360. At the end of the first

ACC112 Q2 Please help Moon Co. decides to establish a petty

ACC112 Q2 Please help

Moon Co. decides to establish a petty cash fund with a beginning balance of $360. At the end of the first month the accumulated receipts represent $80 for delivery expenses, $200 for merchandise inventory, and $55 for miscellaneous expenses. The fund has a balance of $20. The Journal entry to reimburse the fund will include: O Debit to Cash Short and Over for $5 O Debit to Cash for $335 O Credit to Petty Cash for $340 O Credit t to Cash Short and Over for $25

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