A petty cash custodian goes to the account department to fill up the fund. The $150 petty cash fund has $138 in receipts, and $9 in cash. The journal entry to fill up the petty cash fund would include a debit or credit to:

Select one:

a. a $3 credit to cash over or under

b. a $3 credit to miscellaneous revenue

c. a $3 debit to cash over or under

d. a $3 debit to miscellaneous expense

2. A retailer recorded annual sales revenue of $442,000. During the year, it reported sales discounts of $6,600, cost of goods sold of $233,000, operating expenses of $101,000, sales returns of $4,400, and freight out of $8,500. What is the retailers gross profit for the year?

Select one:

a.$199,000

b.$210,900

c.$198,600

d.$206,500

e.$198,000