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can you solve this one for me/ Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of
can you solve this one for me/
Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund was last reimbursed on November 30 . At the end of December, the fund contained the following petty cash receipts: If, in addition to these receipts, the petty cash fund contains $275.50 of cash, the journal entry to reimburse the fund on December 31 will include: a. A credit to Cash Over and Short of \$11.50. b. A credit to Cash of $224.50. c. A debit to Transportation-in of $85. d. A debit to Petty Cash of $85 e. A credit to office Supplies Expense of $72 Step by Step Solution
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