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At the end of the accounting period, the petty cash fund of Flibbert Co. contains the following: Receipts for $184 of disbursements ($100 for postage,
At the end of the accounting period, the petty cash fund of Flibbert Co. contains the following: Receipts for $184 of disbursements ($100 for postage, $60 for local taxi fares and $24 for meeting expenses). Cash remaining in the fund is $18. Based on this information, answer the following question: If the entry to replenish the fund includes a credit to cash short/over for $2, what is the authorized amount?
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