Havermill Co. establishes a petty cash fund of $290 on September 1. On September 30, the fund is replenished. Receipts accrued as of that date represent $77 for office supplies, $145 for merchandise inventory, and $26 for miscellaneous expenses. The fund has a balance of $42. On October 1, the accountant determines that the fund should be increased by $58. Record The journal entry for  the establishment of the fund on September 1.

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The journal entry for the establishment of the petty cash fund on September 1 would be D... View the full answer