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15 Havermill Company establishes a $390 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that
15 Havermill Company establishes a $390 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $87 for Repairs Expense, $165 for merchandise inventory, and $36 for miscellaneous expenses. The fund has a balance of $102. On October 1, the accountant determines that the fund should be increased by $78. The journal entry to record the reimbursement of the fund on September 30 includes a: points Skipped eBook Ask Multiple Choice Debit to Repairs Expense for $87. Print Credit to Merchandise Inventory for $165. References Credit to Cash for $390. Debit Petty Cash for $288. Credit to Cash for $102.
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