Question: TB MC Qu . 0 6 - 1 4 9 ( Algo ) Pelcher Company maintains a . . . Pelcher Company maintains a $

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
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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!