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1 3 points Skipped TB MC Qu. 06-145 (Algo) Havermill Company establishes... Havermill Company establishes a $410 petty cash fund on September 1. On
1 3 points Skipped TB MC Qu. 06-145 (Algo) Havermill Company establishes... Havermill Company establishes a $410 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $89 for Office Supplies, $153 for merchandise inventory, and $38 for miscellaneous expenses. The fund has a balance of $34. On October 1, the accountant determines that the fund should be increased by $60. The journal entry to record the increase in the fund balance on October 1is: eBook Multiple Choice Debit Petty Cash $470; credit Cash $470. Ask Print References Debit Cash $60; credit Petty Cash $60. Debit Miscellaneous Expense $60; credit Cash $60. Debit Petty Cash $60; credit Accounts Payable $60. Debit Petty Cash $60; credit Cash $60.
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