Question: help Question 11 1 points Moon Co. decides to establish a petty cash fund with a beginning balance of $250. At the end of the
Question 11 1 points Moon Co. decides to establish a petty cash fund with a beginning balance of $250. At the end of the first month the accumulated receipts represent $60 for delivery expenses, $138 for merchandise inventory, and $35 for miscellaneous expenses. The fund has a balance of $10 The Journal entry to reimburse the fund will include O Credit to Cash Over and Short for $17 Debit to Cash Over and Short for $7 O Credit to Petty Cash for $250 Debit to Cash for $233
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