20 A $150 petty cash fund has cash of $64 and valid receipts for $75. The entry to replenish the fund would be: a. Cash 86 Various Expenses Cash Short or Over 75 b. Petty Cash 86 64 75 Cash 86 c. Cash 64 Petty Cash d. Various Expenses Cash Short or Over Cash 86 Question 21 through 23 are based on the following information. Esquire Corp. uses the periodic inventory system. During its first ye of operations, Esquire made the following purchases. 20 units at $50 35 units at 40 85 units at 30 Sales for the year totaled 135 units leaving 5 units on han the end of the year. 21. Ending inventory using the average cost method. a. $150 c. $250 d. $1,540 22. Ending inventory using the FIFO method: a. $150 c. $250 d. $1,540